Citi Reduces PT on MercadoLibre (MELI) to $2,500 From $2,700, Keeps a Buy Rating

MercadoLibre, Inc. (NASDAQ:MELI) is one of the best large cap stocks to invest in for the long term. Citi slashed the price target on MercadoLibre, Inc. (NASDAQ:MELI) to $2,500 from $2,700 on November 17, keeping a Buy rating on the stock. The firm also opened a “90-day negative short-term” on the company, backing the outlook with investor concerns regarding a potential downward earnings estimate revisions and competition.

Is MercadoLibre, Inc. (MELI) Among The Aggressive Stocks Picked by Hedge Funds?

However, the firm also stated that MercadoLibre, Inc. (NASDAQ:MELI) has a favorable risk/reward after the 11% pullback post earnings. The company reported its fiscal Q3 2025 earnings on October 29, reporting a 39% year-over-year growth in net revenue to $7.4 billion. The quarter marked the 27th consecutive quarter of growth over 30% year-over-year.

MercadoLibre, Inc. (NASDAQ:MELI) reported that NPS data and market share demonstrated a considerable strengthening in the company’s competitive position through the same period. In addition, the company’s ongoing investments in free shipping, user experience, fulfilment, and assortment drove considerable growth in Mexico, Brazil, and Argentina.

MercadoLibre, Inc. (NASDAQ:MELI) operates an online commerce platform that focuses on e-commerce and associated services. Its operations are divided into the following geographical segments: Brazil, Argentina, Mexico, and Other Countries.

While we acknowledge the potential of MELI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MELI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.