UBS analyst Kaio Prato raised the firm’s price target on MercadoLibre (MELI) to $3,000 from $2,500 and keeps a Buy rating on the shares. MercadoLibre should continue to benefit from macro tailwinds in Argentina, which may offset part of the margin pressure coming from further investments throughout the year, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MELI:
- Mercadolibre’s Strategic Banking Move and Credit Improvement Reinforce Buy Rating
- MercadoLibre (MELI) Emulates Amazon as Latin American Takeover Continues
- MercadoLibre price target raised to $2,600 from $2,250 at JPMorgan
- MercadoLibre Announces Leadership Transition Effective 2026
- MercadoLibre (MELI) Soars to Record Highs Amid Latin America’s E-Commerce Boom
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue