BTIG Maintains Buy on MercadoLibre $2,400 Target

BTIG reiterates Buy rating on MercadoLibre, setting a $2,400 price target while shares trade at $1,773.59.
Full‑year 2026 operating income forecast stays at $3.6 bn, with EPS trimmed to $47.56, below consensus $53.41.
BTIG expects first‑half 2026 operating income $120 m lower and raises Q1 loan‑loss provisions amid strong credit‑card issuance.
MercadoLibre gained ~300 bps market share in Brazil e‑commerce Q4‑2025 and set 2026 executive bonus and retention plans.