MercadoLibre price target lowered to $2,780 from $2,875 at Benchmark

Benchmark analyst Fawne Jiang lowered the firm’s price target on MercadoLibre (MELI) to $2,780 from $2,875 and keeps a Buy rating on the shares after “a standout 3Q,” marked by broad-based acceleration across unique buyers, GMV, TPV, and revenue in both commerce and fintech. MercadoLibre is likely to keep investing across its ecosystem, which may weigh on near-term margins, notes the analyst, who lowered the firm’s FY26 margin outlook.