MercadoLibre price target raised to $2,500 at Morgan Stanley

Morgan Stanley raised the firm’s price target on MercadoLibre to $2,500 from $2,175 and keeps an Overweight rating on the shares, though the analyst removed its “Top Pick” designation, citing “less outsized near-term risk-reward.” The stock is trading near historical highs, but the firm still sees upside drivers across GMV, ads, credit, and Argentina, noting that its revised target implies 21% upside.