MercadoLibre price target lowered to $2,150 from $2,300 at Cantor Fitzgerald

Cantor Fitzgerald analyst Deepak Mathivanan lowered the firm’s price target on MercadoLibre (MELI) to $2,150 from $2,300 and keeps an Overweight rating on the shares as part of a broader note on Internet Stocks. The fundamental backdrop for Internet Stocks remains healthy entering 2025, despite emerging risks like tariffs, and the pace of innovation in areas such as AI, AVs, robotics, and quantum computing is accelerating, the analyst tells investors in a research note. The firm expects digital ads, e-commerce, and mobility, to deliver strong growth and margin expansion in 2025.