MercadoLibre (MELI) Sees Minor Fluctuation in Analyst Sentiment

Core Insights - MercadoLibre, Inc. (NASDAQ:MELI) is recognized as one of the best consumer cyclical stocks, being a leading eCommerce firm in Latin America with 94 million unique buyers on its platform [1] Analyst Recommendations - As of November 28th, 18 out of 26 analysts recommend MercadoLibre, Inc. shares as a Buy, with 5 Strong Buy and 3 Hold ratings, and an average price target of $2,847 [2] Recent Analyst Coverage - UBS maintained a Buy rating for MercadoLibre, Inc. on November 24th but reduced the price target from $3,000 to $2,900, previously set on October 22nd and June 2nd, indicating a focus on the firm's ability to sustain margins and growth amid competition [3] Earnings Performance - MercadoLibre's third-quarter earnings reported a net income of $421 million, which fell short of analyst estimates of $481 million [4] AI Integration - The CEO of MercadoLibre expressed excitement about the potential of agentic AI to enhance discovery, service, and productivity, highlighting the launch of a seller assistant and an AI assistant for fintech services [4]