BTIG Reiterates Buy on MercadoLibre, Maintains $2150 Price Target
BTIG analyst Marvin Fong reiterates MercadoLibre (NASDAQ:MELI) with a Buy and maintains $2150 price target.
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JP Morgan analyst Marcelo Santos maintains MercadoLibre (NASDAQ:MELI) with a Neutral and raises the price target from $1900 to $2150.
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BTIG analyst Marvin Fong reiterates MercadoLibre (NASDAQ:MELI) with a Buy and maintains $2150 price target.
Netflix, MercadoLibre, and Tesla are underperforming the S&P 500 in 2026, down 14%, 3%, and 21% respectively. Despite challenges, all three companies continue growing. The author recommends buying MercadoLibre in September, citing its strong growth trajectory in Latin American e-commerce and fintech markets at a reasonable valuation, while avoiding Tesla due to its rich valuation and uncertain robotics payoff.
MercadoLibre's stock has fallen despite record revenue and 30 consecutive quarters of 30%+ growth, as the market reacts negatively to compressed operating margins caused by heavy investments in logistics and Mercado Pago. However, the author argues this is a buying opportunity, as two-thirds of margin compression stems from accounting mechanics of rapid credit growth rather than deteriorating economics. The company's integrated ecosystem of marketplace, fintech, and logistics creates a genuine flywheel that requires the aggressive spending being punished by the market.
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