MercadoLibre Stock Rebounds as Brazil Expansion Fuels 2025 Rally Hopes
MercadoLibre shares stabilized near $2,160 on Oct. 27 after a sharp October drop, still up about 20% year-to-date. The company announced a new partnership to sell Casas Bahia products in Brazil and is expanding into pharmaceuticals and B2B sales. Analysts remain bullish, with Wedbush setting a $2,700 price target ahead of Q3 results due Oct. 29. Investors are watching if recent investments will impact profit margins.