MELI·MELI

JPMorgan upgraded MELI to Overweight and increased the price target to $2,800, citing valuation opportunities after recent underperformance. This positive outlook could signal a potential rebound in the stock's performance. However, JPMorgan also maintains a Neutral rating, citing mixed performance and the positive impact of Shopee's slowdown. Loomis Sayles views MELI as a long-term investment opportunity, suggesting a potential discount. Recent insider and institutional selling activity, including William Blair's reduction of its stake, presents a mixed backdrop. This selling pressure, coupled with ongoing investment in logistics and expansion, complicates the investment picture. Conversely, Alps Advisors Inc. increased its holdings, which may signal growing institutional confidence. The stock's high P/E ratio and underperformance relative to its sector and the broader market are also concerns. Investors should monitor the upcoming earnings report, with analysts projecting a decrease in EPS but a significant increase in revenue.