MercadoLibre price target lowered to $2,100 from $2,200 at Wedbush

Wedbush lowered the firm’s price target on MercadoLibre (MELI) to $2,100 from $2,200 and keeps an Outperform rating on the shares. While the firm expects a positive return for consumer internet again this year, 2025 will be a year of winners and losers as investors debate a range of topics spanning CapEx requirements and AI investments, slowing margin gains, disruption from autonomous vehicles, AI monetization across enterprise and consumer products, and the impact of FX headwinds.