JPMorgan raised MercadoLibre's price target to $2,600 after strong Q1 results.

From Yahoo Finance: 2025-05-24 03:21:00

JPMorgan analyst Marcelo Santos raised MercadoLibre’s price target from $2,250 to $2,600 after the company reported strong Q1 2025 results with a 37% revenue growth. The new target reflects increased contributions from Argentina and improvements in credit and first-party businesses, but also notes increased investments in Brazil and Mexico. MercadoLibre is a leading financial technology and e-commerce company in Latin America, operating in 18 countries and offering various products and services. While MELI shows promise as an investment, some AI stocks may offer higher returns with less downside risk. No disclosures were made.



Read more at Yahoo Finance: JPMorgan Lifts MercadoLibre (MELI) Price Target After Strong Q1 Report