Goldman Sachs Maintains Buy Rating on MercadoLibre (MELI)

MercadoLibre, Inc. (NASDAQ:MELI) is one of the 10 Best Depressed Stocks to Buy in 2026.

On May 13, 2026, Goldman Sachs lowered the firm’s price target on MercadoLibre, Inc. (NASDAQ:MELI) to $2,100 from $2,440 previously while maintaining a Buy rating on the shares.

Morgan Stanley also lowered the firm’s price target on MercadoLibre, Inc. (NASDAQ:MELI) to $2,450 from $2,600 and maintained an Overweight rating. The firm said it once again underestimated the scale of MercadoLibre’s investments, though gross merchandise volume, credit growth, and platform capabilities also exceeded expectations. Morgan Stanley added that 2026 is shaping up to be a weaker year for EBIT, but still sees significant revenue growth and future margin recovery potential.

Similarly, Barclays lowered the firm’s price target on MercadoLibre, Inc. (NASDAQ:MELI) to $2,300 from $2,500 while maintaining an Overweight rating following the company’s earnings report. The firm said another margin markdown led it to adopt a more conservative view on the pace of margin recovery.

MercadoLibre, Inc. (NASDAQ:MELI) operates online commerce platforms across Brazil, Mexico, Argentina, and other international markets.

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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