JPMorgan Maintains a Neutral Rating on MercadoLibre, Inc. (MELI)

MercadoLibre, Inc. (NASDAQ:MELI) is among the 12 Best Digital Currency and Payments Stocks to Buy Right Now.

JPMorgan Maintains a Neutral Rating on MercadoLibre, Inc. (MELI)

TheFly reported on February 4, 2026, that JPMorgan has a positive stance on MercadoLibre, Inc. (NASDAQ:MELI) after Shopee signaled a slowdown in competition. The company maintains a Neutral rating on MercadoLibre shares despite Shopee charging take rates that are now similar to MercadoLibre’s.

Although MercadoLibre, Inc. (NASDAQ:MELI)’s third-quarter net income of $421 million was up 6% year over year, it fell short of analysts’ $481 million projection due to currency effects and a decline in Argentine demand. GMV growth of 35% on a currency-neutral basis drove a 39% increase in net sales to $7.4 billion, exceeding projections. Brazil’s free shipping boost improved customer growth and GMV by 34%, but it also caused EBIT margins to drop to 9.8%. Although Mercado Pago loan balances soared by 83% to $11 billion and delinquency reduced to 6.8%, EBIT came in at $724 million, below projections.

MercadoLibre, Inc. (NASDAQ:MELI) provides an online commerce platform that focuses on e-commerce and related services. It works in four geographical 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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Disclosure: None. This article is originally published at Insider Monkey.