Morgan Stanley lowered the firm’s price target on MercadoLibre (MELI) to $2,450 from $2,500 and keeps an Overweight rating on the shares. Noting that MercadoLibre published its quarterly 10-Q filing for Q3 on Thursday afternoon, the firm says its 10-Q review points to favorable logistics and first-party economics versus the firm’s expectations, with credit card contribution losses that it views as “controlled,” but also notes that higher expenses drive the firm’s 2025 EBIT forecast down by 9%.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MELI:
- MercadoLibre (MELI): Attractive Long-Term Opportunity Despite Post-Earnings Dip
- MercadoLibre price target lowered to $2,300 from $2,530 at Cantor Fitzgerald
- MercadoLibre price target lowered to $2,200 from $2,250 at BTIG
- MercadoLibre Reports Strong Q3’24 Financial Growth
- Closing Bell Movers: AppLoving up 29% after Q3 earnings beat