MercadoLibre price target raised to $3,000 from $2,500 at BofA

BofA analyst Robert Ford Aguilar raised the firm’s price target on MercadoLibre (MELI) to $3,000 from $2,500 and keeps a Buy rating on the shares. The firm, which is rolling forward its base year for valuation to 2026, continues to see “exceptional underlying earnings power” across MercadoLibre verticals and geographies, the analyst tells investors.