Barclays Lowers Price Target on MercadoLibre (MELI) to $2,800, Cites Competitive Intensity, Investment Mode

MercadoLibre Inc. (NASDAQ:MELI) is one of the stocks that should double in 3 years. On October 21, Barclays analyst Trevor Young lowered the firm’s price target on MercadoLibre to $2,800 from $3,000 and kept an Overweight rating on the shares as part of a broader Q3 2025 earnings preview. Barclays believes that the rising competitive intensity and income estimate cuts are weighing on the company.

Barclays Lowers Price Target on MercadoLibre (MELI) to $2,800, Cites Competitive Intensity, Investment Mode

Earlier on October 13, Susquehanna lowered the firm’s price target on MercadoLibre to $2,900 from $2,975, while keeping a Positive rating on the shares. The firm lowered its estimates as it noted that MercadoLibre is ready to be in more of an investment mode with broader free shipping, increased sales & marketing, the accelerated rollout of credit, and a number of tech initiatives.

MercadoLibre Inc. (NASDAQ:MELI) operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.

While we acknowledge the potential of MELI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MELI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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