Barclays Lowers Price Target on MercadoLibre Stock from $3,100 to $3,000, Keeps Overweight Rating

MercadoLibre, Inc. (NASDAQ:MELI) is one of the top stocks that Grok recommended. On July 23, Barclays lowered the price target on MercadoLibre, Inc. (NASDAQ:MELI) stock from $3,100 to $3,000, keeping its Overweight rating.

Trevor Young from Barclays reduced his price target on MELI as part of a Q2 2025 preview for the e-commerce group. On August 4, the company posted its Q2 results, with earnings of $10.31, missing estimates by 12.24%. The increased free shipping in Brazil drove sales up, but impacted the margins. MercadoLibre reported $523 million of net income, down by 1.5% year-over-year and below the consensus of $596 million. After reducing shipping costs for companies and users selling on its platform in May 2025, the company cut the threshold for purchases eligible for free shipping in Brazil in early June. This was driven mainly by fierce competition in the country’s e-commerce segment.

Barclays Lowers Price Target on MercadoLibre Stock from $3,100 to $3,000, Keeps Overweight Rating

“We don’t want to miss the growth opportunities ahead of us. That might generate some short-term margin pressure, but we are very optimistic about the long-term trajectory of our profitability,” said CFO Martin de los Santos in an interview.

Young believes that discretionary spending is holding up, but expects some risks in the second half of the year, impacted by tariffs.

MercadoLibre, Inc. (NASDAQ:MELI) is a Uruguay-based e-commerce business facilitator of Argentinian origins. The company’s products serve retail and wholesale through Internet platforms to offer users a portfolio of services to support commercial transactions.

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