JPMorgan Chase & Co. Cuts MercadoLibre (NASDAQ:MELI) Price Target to $2,650.00

NodeGuardian · 2026-03-19T04:59:20+00:00

JPMorgan Chase lowered MercadoLibre's price target to $2,650, maintaining an "overweight" rating. Despite missing EPS estimates, MercadoLibre showed a 44.6% revenue increase, prompting adjustments in price targets from other analysts as well.

NodeGuardian

2026-03-19 04:59:20

Abstract generation in progress

JPMorgan Chase & Co. has lowered its price target for MercadoLibre (NASDAQ:MELI) to $2,650.00 from $2,800.00, while maintaining an “overweight” rating, suggesting a significant upside of 49.21%. This adjustment comes despite MercadoLibre missing its quarterly EPS estimate but reporting a 44.6% year-over-year increase in revenue. Several other analysts have also recently trimmed their price targets for the e-commerce and fintech company.

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