MercadoLibre (MELI) Target Cut to $2,150 as Margins Reset to 7%

BTIG has reduced the price target for MercadoLibre, Inc. (MELI) from $2,400 to $2,150, maintaining a Buy rating. The adjustment follows a revision of the company's operating margins to approximately 7% in Q1. Additionally, Benchmark also lowered its price target for MELI from $2,780 to $2,380, citing flexible margin trends. Despite significantly underperforming the S&P 500 over the past year, MELI reported a year-over-year revenue growth of 49% and a return on equity (ROE) of 31.26%.