JPMorgan Lifts MercadoLibre (MELI) Price Target After Strong Q1 Report

On Thursday, May 22, JPMorgan analyst Marcelo Santos raised the firm’s price target for MercadoLibre, Inc. (NASDAQ:MELI) from $2,250 to $2,600 but kept a “Neutral” rating.

This adjustment comes after MercadoLibre, Inc. (NASDAQ:MELI) reported strong results for Q1 2025, with revenue growing by 37% year-over-year.

Santos pointed out that the new price target for MercadoLibre, Inc. (NASDAQ:MELI) reflects higher contributions from Argentina and better results in the company’s credit and first-party (1P) businesses. However, the analyst also noted that these positive results were partly balanced through increased investments in Brazil and Mexico.

MercadoLibre, Inc. (NASDAQ:MELI) is the leading company in financial technology and e-commerce in Latin America. With operations in 18 countries, the company offers a wide range of products and services including an online marketplace, digital financial services, logistics services, advertising solutions, and merchant acquiring.

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