On Thursday, May 22, JPMorgan analyst Marcelo Santos raised the firm’s price target for MercadoLibre, Inc. (NASDAQ:MELI) from $2,250 to $2,600 but kept a “Neutral” rating.
This adjustment comes after MercadoLibre, Inc. reported strong results for Q1 2025, with revenue growing by 37% year-over-year.
A customer using their phone to access an online commerce platform.
Santos pointed out that the new price target for MercadoLibre, Inc. reflects higher contributions from Argentina and better results in the company’s credit and first-party (1P) businesses. However, the analyst also noted that these positive results were partly balanced through increased investments in Brazil and Mexico.
MercadoLibre, Inc. is the leading company in financial technology and e-commerce in Latin America. With operations in 18 countries, the company offers a wide range of products and services including an online marketplace, digital financial services, logistics services, advertising solutions, and merchant acquiring.
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