Citi and DBS analysts maintain Buy ratings on MercadoLibre, citing ability to navigate regulatory issues.

From Yahoo Finance: 2025-05-20 15:25:00

Citi analyst Joao Soares reiterated a Buy rating on MercadoLibre Inc. (NASDAQ: MELI) with a price target of $2,450, discussing regulatory issues in Brazil and the company’s ability to navigate them. Brazil’s National Telecommunications Agency (Anatel) has requested blocking Amazon.com Inc. and MercadoLibre due to pirated phone sales. Despite potential revenue impact, MercadoLibre’s compliance efforts show promise for resolving the issue. DBS analyst Nashrullah Putra Sulaeman also reaffirmed a Buy rating, citing e-commerce growth and focus on fintech and logistics. MercadoLibre is a leading e-commerce and fintech provider in Latin America, operating in 18 countries.



Read more at Yahoo Finance: Citi Keeps Its Conviction on Mercadolibre (MELI) Despite Regulatory Noise