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

MercadoLibre, Inc. (NASDAQ:MELI) is among the 12 Best Digital Currency and Payments Stocks to Buy Right Now.

TheFly reported on February 4, 2026, that JPMorgan has a positive stance on MercadoLibre, Inc. (NASDAQ:MELI) after Shopee signaled a slowdown in competition. The company maintains a Neutral rating on MercadoLibre shares despite Shopee charging take rates that are now similar to MercadoLibre’s.

Although MercadoLibre, Inc. (NASDAQ:MELI)’s third-quarter net income of $421 million was up 6% year over year, it fell short of analysts’ $481 million projection due to currency effects and a decline in Argentine demand. GMV growth of 35% on a currency-neutral basis drove a 39% increase in net sales to $7.4 billion, exceeding projections. Brazil’s free shipping boost improved customer growth and GMV by 34%, but it also caused EBIT margins to drop to 9.8%. Although Mercado Pago loan balances soared by 83% to $11 billion and delinquency reduced to 6.8%, EBIT came in at $724 million, below projections.

MercadoLibre, Inc. (NASDAQ:MELI) provides an online commerce platform that focuses on e-commerce and related services. It works in four geographical segments: Brazil, Argentina, Mexico, and Other Countries.

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Disclosure: None. This article is originally published at Insider Monkey.