MELI is trading at $1,736.77 (4% up) today, participating in a broad market rally as technology stocks lead gains amid easing geopolitical tensions.
- The stock is rebounding from a 17% year-to-date decline and recent 52-week lows triggered by Q4 earnings disappointment and a JPMorgan downgrade.
- Analysts maintain a Strong Buy rating with a $2,748.75 price target, suggesting 59% upside potential despite margin pressures from competitive investments in Brazil.