BTIG, Jefferies Bullish on MercadoLibre (MELI) Despite Margin Pressures
MercadoLibre, Inc. (NASDAQ:MELI) ranks among the stocks to invest in before they split next. On April 10, BTIG reaffirmed its Buy rating and $2,400 price target for MercadoLibre, Inc. (NASDAQ:MELI). The firm adjusted its forecast to reflect revised margin estimates and recent macroeconomic variables such as foreign exchange rates, energy costs, and consumer spending. BTIG’s full-year 2026 EPS projection declined less than 1% to $47.56 from $47.95, significantly below the average forecast of $53.41. The f ...