JPMorgan Lifts MercadoLibre (MELI) Price Target After Strong Q1 Report
On Thursday, May 22, JPMorgan analyst Marcelo Santos raised the firm's price target for MercadoLibre, Inc. (NASDAQ:MELI) from $2,250 to $2,600 but kept a 'Neutral' rating.
This adjustment comes after MercadoLibre, Inc. (NASDAQ:MELI) reported strong results for Q1 2025, with revenue growing by 37% year-over-year.
A customer using their phone to access an online commerce platform.
Santos pointed out that the new price target for MercadoLibre, Inc. (NASDAQ:MELI) reflects higher contributions from Argentina and better results in the company's credit and first-party (1P) businesses. However, the analyst also noted that these positive results were partly balanced through increased investments in Brazil and Mexico.
MercadoLibre, Inc. (NASDAQ:MELI) is the leading company in financial technology and e-commerce in Latin America. With operations in 18 countries, the company offers a wide range of products and services including an online marketplace, digital financial services, logistics services, advertising solutions, and merchant acquiring.
While we acknowledge the potential of MELI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MELI and that has a 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds.
Disclosure: None.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
Tesla Plunges After Musk Escalates Attacks on Trump Tax Bill
(Bloomberg) -- Tesla Inc.'s shares sank the most in almost three months as Elon Musk and President Donald Trump's simmering feud devolved into a public war of words between two of the world's most powerful people. Next Stop: Rancho Cucamonga! ICE Moves to DNA-Test Families Targeted for Deportation with New Contract US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn Where Public Transit Systems Are Bouncing Back Around the World The Global Struggle to Build Safer Cars Trump on Thursday said he was 'very disappointed' by the Tesla chief executive officer's criticism of the president's signature tax policy bill. Musk fired back in several social media posts, saying in one that 'without me, Trump would have lost the election.' The president later floated terminating federal contracts and subsidies extended to Musk's companies and said that he had asked the Tesla and SpaceX leader to leave his administration, which Musk said was a 'lie.' Tesla's shares fell 15% as the volleys continued, the stock's biggest intraday decline since March 10. The loss knocked about $156 billion off the automaker's market value. The spat highlights how policies advanced by Trump and Republican lawmakers put billions of dollars at risk for Tesla. Trump's massive tax bill would largely eliminate a credit worth as much as $7,500 for buyers of some Tesla models and other electric vehicles by the end of this year, seven years ahead of schedule. That would translate to a roughly $1.2 billion hit to Tesla's full-year profit, according to JPMorgan analysts. After leaving his formal advisory role in the White House last week, Musk has been on a mission to block the president's signature tax bill that he described as a 'disgusting abomination.' The world's richest person has been lobbying Republican lawmakers — including making a direct appeal to House Speaker Mike Johnson — to preserve the valuable EV tax credits in the legislation. Separate legislation passed by the Senate attacking California's EV sales mandates poses another $2 billion headwind for Tesla's sales of regulatory credits, according to JPMorgan. Taken together, those measures threaten roughly half of the more than $6 billion in earnings before interest and taxes that Wall Street expects Tesla to post this year, analysts led by Ryan Brinkman said in a May 30 report. Tesla didn't immediately respond to a request for comment. The House-passed tax bill would aggressively phase-out tax credits for the production of clean electricity, and other sources years earlier than scheduled. It also includes stringent restrictions on the use of Chinese components and materials that analysts said would render the credits useless and limits the ability of company's to sell the tax credits to third parties. Tesla's division focused on solar systems and batteries separately criticized the Republican bill for gutting clean energy tax credits, saying that 'abruptly ending' the incentives would threaten US energy independence and the reliability of the power grid. The clean energy and EV policies under threat were largely enacted as part of former President Joe Biden's Inflation Reduction Act. The law was designed to encourage companies to build a domestic supply chain for clean energy and electric vehicles, giving companies more money if they produce more batteries and EVs in the US. Tesla has a broad domestic footprint, including car factories in Texas and California, a lithium refinery and battery plants. With those Biden-era policies in place, US EV sales rose 7.3% to a record 1.3 million vehicles last year, according to Cox Automotive data. --With assistance from Kara Carlson, Keith Laing, Josh Wingrove and Kate Sullivan. (Updates shares, adds Trump, Musk comments starting in the second paragraph.) Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P.
Boston Globe
an hour ago
- Boston Globe
JPMorgan, Citizens duke it out over First Republic's old customer base
JPMorgan typically wields the Chase brand for its retail operations, but not for this venture. Instead, the signs out front say 'J.P. Morgan.' 'We're testing a new model, leveraging ... the JPMorgan brand,' said Stevie Baron, head of affluent banking at New York-based JPMorgan. 'This is an opportunity to take the JPMorgan brand to focus more up market [though] we've got inspiration from First Republic.' The personalized banking services are available to customers with at least $750,000 of deposits and investable assets parked with the bank. The freshly baked chocolate chip cookies that First Republic used to offer have been replaced by squares of Dylan's chocolate. (JPMorgan also has a previously established private banking arm for much wealthier individuals, but does not have a retail presence specifically for that group.) Advertisement JPMorgan's rollout comes as Citizens Financial Group steps up its efforts to cater to wealthy customers through its own relatively new Citizens Private Bank. Citizens was among the bidders for the failed First Republic in 2023, but lost to JPMorgan. However, at least 150 bankers from First Republic left later that year to help Citizens launch its private bank, including Susan deTray, a California-based executive who leads Citizens Private Bank. Advertisement 'We welcome all competition,' Baron said. 'We feel very good about our hand and our ability to serve this client base.' Last year, Citizens reopened a former First Republic branch in the Back Bay to serve as its first private banking office in Boston. (The chocolate chip cookies stayed on the menu there.) Offering a range of banking services to wealthy clients through Citizens Private Bank has turned a profit more quickly than chief executive Bruce Van Saun expected. The private bank, Van Saun said in an April interview, broke even in August, and now has four branches across the US with more on the way. The Providence-based company is opening its Private Bank branches in many of the same markets as JPMorgan; they have been a magnet for money, with nearly $9 billion in deposits and $5 billion in assets under management as of the end of March. The goal, Van Saun said, is to create a 'First Republic 2.0.' 'We're running a little ahead of what we projected,' Van Saun said. 'I think there's a void in the market where First Republic played and Silicon Valley [Bank] played. I think you win with talent. So a lot of the customers of those banks recognize that the personal level of service that the bankers offer was second to none, and Citizens is going to occupy that space.' This is an installment of our weekly Bold Types column about the movers and shakers on Boston's business scene. Advertisement Jon Chesto can be reached at
Yahoo
2 hours ago
- Yahoo
Elon Musk's Tesla faces $3bn hit from Trump's ‘big, beautiful bill'
Elon Musk's Tesla is facing a $3bn (£2.2bn) hit from Donald Trump's tax and spending Bill. Buried in the US president's 1,000-page Bill are plans to eliminate a $7,500 tax incentive for electric vehicle (EV) buyers and ban a similar scheme in California, highlighting a potential reason that Mr Musk has vowed to 'kill' the legislation. Wall Street analysts said axing the tax break for drivers would cost Tesla about $1.2bn, while the Californian ban threatens a further $2bn profit hit. The president's 'big, beautiful bill' has prompted a furious reaction from Mr Musk, who left his role as a White House cost-cutting tsar last week. The world's richest man has since called the tax and spending legislation a 'disgusting abomination' and called on US politicians to 'kill the Bill'. When asked about Mr Musk's reaction on Thursday, Mr Trump said: 'I don't know if we'll have a great relationship any more.' Ryan Brinkman, a JP Morgan analyst, wrote in a research note that 'Tesla appears to have the most to lose from the shifting regulatory backdrop, perhaps to the tune of $3.2bn'. He expects the measures to cut Tesla's profits in half this year. Such fears led to Tesla's share price falling by 7pc on Thursday. Mr Musk has been personally lobbying US senators to block the passage of the Bill, which is expected to add $2.4 trillion to the US deficit. According to NBC, he called Mike Johnson, the Republican US House speaker, in an effort to save the green tax credit, while he has also amplified the views of US senators who oppose the legislation on X. The billionaire has so far presented his opposition to the Bill as a matter of principle, arguing that it undermines the work he did at the department for government efficiency (Doge) to slash government spending in an effort to lower taxes and borrowing. In a post on X, Mr Musk said the Bill 'defeats all the cost savings achieved by the Doge team at great personal cost and risk'. In another, he labelled the planned law the 'Debt Slavery Bill'. However, the JP Morgan research highlights the potential personal cost to Mr Musk from the legislation. Much of his wealth is derived from Tesla, which has already suffered as a result of his association with Mr Trump. Sales have slumped in Europe amid a political boycott of the electric vehicles. Mr Musk's net worth has fallen by $64bn so far this year, according to Bloomberg, though he still commands an estimated $368bn fortune. The entrepreneur has sought to rally Republican voters to lobby against the Bill and threatened to 'fire all politicians who betrayed the American people' in November's mid-term elections. Mr Musk was the largest political donor in the US last year, giving $290m to encourage voters to elect Mr Trump and other Republicans. Mr Musk had previously defended Mr Trump's vision of cutting electric vehicle subsidies, insisting the changes would 'only help Tesla' by hurting its rivals. 'I think we should get rid of all credits,' he said last year. However, since quitting the White House, Tesla and Mr Musk have taken aim at many of the proposals in Mr Trump's planned Bill. Last week, Tesla Energy, its solar and battery storage business, said: 'Ending energy tax credits would threaten America's energy independence and the reliability of our grid.' The rift has angered Mr Trump, Axios reported. The website said Mr Johnson told colleagues Mr Trump was 'p----d off' with the Tesla boss and told reporters he was 'not delighted that Elon did a 180'. Mr Trump told reporters that Mr Musk was 'upset' but rejected claims that he was blindsided by the Bill. The president said: 'I am very disappointed. Elon knew the inner workings of this Bill, better than almost anybody sitting here. All of a sudden he had a problem. I am very disappointed in Elon, I helped him a lot.' The changes to EV credits are expected to hit sales of battery-powered cars across the US. Dan Ives, a technology analyst with Wedbush Securities, said the changes would 'hurt EV demand by 10pc across the industry'. A survey from Insurify, meanwhile, found 45pc of EV buyers said they would not have bought a new car without the $7,500 incentive. It found 36pc of Tesla buyers would have not made a purchase without the benefit. Mr Trump's tax and spending Bill passed the House of Representatives by a narrow margin and is now before the Senate. Tesla was contacted for comment. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
