J.P. Morgan analyst Marcelo Santos maintains $MercadoLibre (MELI.US)$ with a hold rating, and sets the target price at $2,150.
According to TipRanks data, the analyst has a success rate of 56.9% and a total average return of 8.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MercadoLibre (MELI.US)$'s main analysts recently are as follows:
The firm has modified its projections after the Q3 outcomes, including increased logistics subsidies and reduced NIMALs for upcoming periods. This is because the firm perceives the significant contraction in spreads observed in Q3 to be largely due to structural reasons.
Following the Q3 report, expectations for MercadoLibre's fiscal 2024 and 2025 have been moderated. It is anticipated that consensus estimates may see a gradual decline throughout Q4 as the impact of the reduced NIMAL credit card drag becomes apparent.
Note:
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