Morgan Stanley Bullish on MercadoLibre (MELI) Despite Reductions in 2026 and 2027 EBIT Estimates

MercadoLibre, Inc. (NASDAQ:MELI) earns a place on our list of 13 stocks with consistent growth to buy right now.

Morgan Stanley Bullish on MercadoLibre (MELI) Despite Reductions in 2026 and 2027 EBIT Estimates

As of March 11, 2026, almost all of the covering analysts maintain bullish ratings for MercadoLibre, Inc. (NASDAQ:MELI). With a consensus price target of $2,650.00, the stock boasts an upside potential of approximately 60%.

On March 9, 2026, while keeping an “Overweight” rating, Morgan Stanley analyst Andrew Ruben reduced the firm’s price target for MercadoLibre (NASDAQ:MELI) from $2,800 to $2,600. The change comes after talks with the company’s CFO, who stated that ongoing investments are enhancing the platform’s user experience and fostering expansion. According to the CFO, the company’s investments are expected to result in long-term operating leverage. With these investments anticipated to persist, the firm trimmed its 2026 and 2027 EBIT estimates by 14%.

A fresher update came from JPMorgan on March 12, 2026, when analysts at the firm noted that competition surrounding the company remains heightened, as Shopee remains willing to compromise profitability in Brazil. Furthermore, they believe consensus estimates may continue experiencing revisions, as long as MercadoLibre (NASDAQ:MELI) maintains its investment levels at a high level. Currently, the firm projects a 15% downside to consensus 2026 EBIT estimates.

MercadoLibre (NASDAQ:MELI) operates a prominent Latin American e-commerce ecosystem, offering online marketplaces, digital payments, logistics, advertising, and financial services across Brazil, Argentina, Mexico, and several 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.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.