Barclays analyst Trevor Young maintains $MercadoLibre (MELI.US)$ with a buy rating, and adjusts the target price from $2,100 to $2,500.
According to TipRanks data, the analyst has a success rate of 54.7% and a total average return of 0.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MercadoLibre (MELI.US)$'s main analysts recently are as follows:
The general trend for e-commerce appears stable, recovering from a decline in July. Factors such as easing concerns on Temu, potential changes regarding de minimis exemptions, and interest rate cuts seem to have positively influenced investor sentiment towards small to mid-cap e-commerce. However, the potential East Coast port strike might dampen this enthusiasm as reflected in Q3 outcomes and the upcoming holiday season.
The stock's significant 62% rally over the previous year is seen as a reason for limited potential in upward consensus revisions. Short-term results for MercadoLibre may face pressure due to the expansion of the credit card business and a substantial increase in logistical capabilities. Furthermore, a return to standard income tax rates and currency losses are anticipated to impact earnings. The company's credit performance is expected to be challenged by the credit card segment, and the new distribution centers may affect profit margins.
Note:
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