BTIG, Jefferies Bullish on MercadoLibre (MELI) Despite Margin Pressures

MercadoLibre, Inc. (NASDAQ:MELI) ranks among the stocks to invest in before they split next. On April 10, BTIG reaffirmed its Buy rating and $2,400 price target for MercadoLibre, Inc. (NASDAQ:MELI). The firm adjusted its forecast to reflect revised margin estimates and recent macroeconomic variables such as foreign exchange rates, energy costs, and consumer spending.

BTIG’s full-year 2026 EPS projection declined less than 1% to $47.56 from $47.95, significantly below the average forecast of $53.41. The firm stated that the forecast is supported by lower expected foreign exchange losses since official Argentine peso exchange rates have aligned with grey market prices.

Meanwhile, on April 6, Jefferies raised MercadoLibre, Inc. (NASDAQ:MELI) to Buy from Hold, but reduced its price objective to $2,600 from $2,800. Analyst Alex Wright attributed the upgrade to Mercadolibre’s steady strategy and strong long-term track record of pursuing growth opportunities.

According to the firm, earnings downgrades due to lower margins have driven values to record absolute and comparative lows.

MercadoLibre, Inc. (NASDAQ:MELI) provides an online commerce platform and related services. It operates across four geographic segments: Brazil, Argentina, Mexico, and Other Countries.

While we acknowledge the risk and potential of MELI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MELI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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