Logistics and marketing erode profit margins, Morgan Stanley lowers MercadoLibre (MELI.US) price target but maintains "Overweight" rating

According to Golden Ten Data, after the Latin American e-commerce giant MercadoLibre (MELI.US) released its Q3 2026 earnings report, Morgan Stanley issued a research report outlining six key points. The firm maintained its “Overweight” rating on the company but lowered the target price from $2,450 to $2,350. Morgan Stanley also reduced its EBIT forecasts for 2027 and 2028 by 16% and 14%, respectively, mainly reflecting increased investments in logistics and marketing, currency headwinds, and weaker-than-expected profit margins in the third quarter.