JPMorgan Maintains a Neutral Rating on MercadoLibre, Inc. (MELI)

TheFly reported connected February 4, 2026, that JPMorgan has a affirmative stance connected MercadoLibre, Inc. (NASDAQ:MELI) aft Shopee signaled a slowdown successful competition. The institution maintains a Neutral standing connected MercadoLibre shares contempt Shopee charging instrumentality rates that are present akin to MercadoLibre’s.

Although MercadoLibre, Inc. (NASDAQ:MELI)’s third-quarter nett income of $421 cardinal was up 6% twelvemonth implicit year, it fell abbreviated of analysts’ $481 cardinal projection owed to currency effects and a diminution successful Argentine demand. GMV maturation of 35% connected a currency-neutral ground drove a 39% summation successful nett income to $7.4 billion, exceeding projections. Brazil’s escaped shipping boost improved lawsuit maturation and GMV by 34%, but it besides caused EBIT margins to driblet to 9.8%. Although Mercado Pago indebtedness balances soared by 83% to $11 cardinal and delinquency reduced to 6.8%, EBIT came successful astatine $724 million, beneath projections.

MercadoLibre, Inc. (NASDAQ:MELI) provides an online commerce level that focuses connected e-commerce and related services. It works successful 4 geographical segments: Brazil, Argentina, Mexico, and Other Countries.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.