Barclays analyst Trevor Young maintains $MercadoLibre (MELI.US)$ with a buy rating, and adjusts the target price from $2,500 to $2,200.
According to TipRanks data, the analyst has a success rate of 57.9% and a total average return of 1.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MercadoLibre (MELI.US)$'s main analysts recently are as follows:
Post the Q3 report, expectations for MercadoLibre's fiscal 2024 and 2025 have been moderated following the third-quarter shortfall. It is anticipated that consensus estimates will trend downwards during the fourth quarter as the effects of a reduced NIMAL credit card impact become more apparent.
The review of MercadoLibre's recent quarterly 10-Q filing suggests that the company's logistics and first-party economics are more favorable than previously anticipated. The contribution from credit card operations is perceived as managed with controlled losses. However, an increase in expenses has led to a reduction in the forecast for EBIT in 2025 by 9%.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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