Wedbush analyst Scott Devitt reiterated an Outperform rating on the shares of MercadoLibre Inc (NASDAQ:MELI) with a price target of $2,000. MercadoLibre is an eCommerce platform in Latin America, with the largest market share of online retail in its three key markets of Brazil, Argentina, and Mexico. eCommerce and digital financial services are relatively early in their adoption in the region, and MercadoLibre is well positioned for the secular shift online, notes the analyst. MercadoLibre, according to the analyst, has an exceptional management team and a defensible moat supported by decades …