Cantor Fitzgerald analyst Deepak Mathivanan raised the firm’s price target on MercadoLibre (MELI) to $2,900 from $2,700 and keeps an Overweight rating on the shares. MercadoLibre’s EBIT margin compressed by 70 basis points quarter over quarter to 12.2% amid incremental headwinds that include first party mix shift and gross margin compression and a lower third party take rate due to the new free shipping program, the analyst tells investors in a research note. MercadoLibre, one of the firm’s top picks for 2026, has plenty of levers to sustain strong top-line and EBIT growth in 2026, as the investments generate returns from share gains and the business achieves fixed cost leverage, Cantor argues.
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