Citi Reduces PT on MercadoLibre (MELI) to $2,500 From $2,700, Keeps a Buy Rating

Core Viewpoint - MercadoLibre, Inc. (NASDAQ:MELI) is considered a strong long-term investment despite recent price target adjustments and short-term concerns, with a favorable risk/reward profile following an 11% pullback post-earnings [1][2]. Financial Performance - The company reported fiscal Q3 2025 earnings on October 29, achieving a 39% year-over-year growth in net revenue, totaling $7.4 billion, marking the 27th consecutive quarter of over 30% year-over-year growth [2]. Competitive Position - NPS data and market share indicate a significant strengthening in MercadoLibre's competitive position, supported by ongoing investments in free shipping, user experience, fulfillment, and product assortment, particularly in Mexico, Brazil, and Argentina [3]. Business Operations - MercadoLibre operates an online commerce platform focusing on e-commerce and associated services, with operations segmented into Brazil, Argentina, Mexico, and Other Countries [4].