Wedbush lowered the firm’s price target on MercadoLibre (MELI) to $2,600 from $2,700 and keeps an Outperform rating on the shares ahead of quarterly results. The firm thinks the company is well-positioned heading into 4Q and continues to view MercadoLibre as a top pick for 2026. With that said, Wedbush anticipates it may take several quarters for investors to gain comfort with management’s recent actions to defend share in key markets.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MELI:
- BKNG, SMR, SPOT, FSLY, MELI Trending With Analysts
- Shopify upgraded, Coinbase downgraded: Wall Street’s top analyst calls
- MercadoLibre upgraded to Overweight from Neutral at JPMorgan
- Shopee increasing take rate positive for MercadoLibre, says JPMorgan
- iFood Bets Big on Brazil with $3.2 Billion Investment