JPMorgan cut MercadoLibre Inc. (MELI) price target to $2,600 from $2,700, citing competitive pressures in Brazil that may impact Q3 earnings. Amazon intensifies competition with new logistics facilities and waived FBA fees. JPMorgan expects $7.44 Q3 revenue, above consensus, but forecasts $750 million EBIT and $477 million earnings, below consensus. MercadoLibre is a Latin American tech company offering e-commerce, fintech, and logistics services. While MELI shows investment potential, certain AI stocks may offer greater upside with less risk. For more stock insights, check out Top 10 Materials Stocks to Buy According to Analysts and 10 Best Organic Food and Farming Stocks to Buy Now on Insider Monkey.

Read more at Yahoo Finance: JPMorgan Lowers MercadoLibre Inc. (MELI) Price Target amid Competition Pressure