Benchmark Maintains Buy Rating for MercadoLibre (MELI)

Group 1 - MercadoLibre, Inc. (NASDAQ:MELI) is recognized as one of the 10 Unrivaled Stocks for the next three years, with a Buy rating maintained by Benchmark analyst Fawne Jiang and a price target set at $2,875 [1] - The recent decision by MercadoLibre to lower the free shipping threshold in Brazil is expected to increase near-term costs but is seen as a strategic move to enhance online penetration in the market [2][3] - Benchmark's meeting with MercadoLibre's management reinforced the belief that collective actions by major companies will accelerate the growth of online shopping in Latin America, suggesting that initial higher costs from the shipping threshold change will be offset by long-term market growth [3] Group 2 - MercadoLibre is the leading e-commerce and financial technology company in Latin America, operating in 18 countries, indicating its significant market presence [4]