MercadoLibre price target raised to $2,500 from $2,100 at Barclays

Barclays raised the firm’s price target on MercadoLibre to $2,500 from $2,100 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the e-commerce group. Overall e-commerce trends are stable, rebounding from the July “air pocket,” the analyst tells investors in a research note. The firm says easing fears on Temu, possible action on de minimis exemption, and rate cuts have investors warming on Smid-cap e-commerce. The East Coast port strike “may curb that enthusiasm” in the Q3 results and into the holidays, the analyst tells investors in a research note.