MercadoLibre price target lowered to $2,700 from $2,800 at Wedbush

Wedbush lowered the firm’s price target on MercadoLibre (MELI) to $2,700 from $2,800 and keeps an Outperform rating on the shares. MercadoLibre is one of the firm’s top picks as the company progresses through the current investment cycle, and Wedbush is most focused on underlying demand trends and competition across core markets, expense growth in 2026 following the impact of logistics investments and rising S&M costs, and management’s ability to scale the loan book while appropriately managing risk, the analyst tells investors in a research note.