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BTIG Cuts Target on MercadoLibre, Inc. (MELI) as Margins Reset Near 7%
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. MercadoLibre, Inc. (NASDAQ:MELI) is among the stocks with the best earnings growth for the next 10 years. On May 10, BTIG trimmed the price target on MercadoLibre, Inc. (NASDAQ:MELI) to $2,150 from $2,400 and reiterated a Buy rating after the first-quarter results. In a research note, the analyst said that the company surprised investors by revising its operating margins to approximately the 7% level seen in Q1. However, the firm expects the company’s investments will build a “bigger and even more dominant” platform in the long run. Two days earlier, Benchmark lowered the price target on MercadoLibre, Inc. (NASDAQ:MELI) from $2,780 to $2,380 to better reflect flexible margin trends. The firm cited robust engagement, enhanced user growth, and ecosystem expansion as factors that helped keep asset quality stable. Investment intensity is expected to stay high in the near term, Benchmark noted. The firm has an unchanged Buy rating on the stock. Although MercadoLibre, Inc. (NASDAQ:MELI) has significantly underperformed the S&P 500 over the past year, the company has a solid quarterly revenue growth (yoy) of 49% and ROE (ttm) of 31.26%. With a 1-year upside potential of 50.31%, the company is among the stocks with the best earnings growth for the next 10 years. MercadoLibre, Inc. (NASDAQ:MELI), incorporated in 1999, is a Uruguay-based operator of online commerce platforms, including Mercado Libre Marketplace and Mercado Pago. While we acknowledge the potential of MELI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term 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.
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