From Yahoo Finance: 2025-06-05 16:10:00

Jefferies downgraded MercadoLibre (MELI) to ‘Hold’ from ‘Buy’ and increased price target to $2,800 citing improved profitability and cash flow prospects for 2029. The analysts noted MercadoLibre’s impressive 50% plus gain in 2025 prompting the adjustment, reflecting the company’s robust performance and growth opportunities in various segments.

MercadoLibre delivered first-quarter 2025 results that exceeded consensus estimates on earnings and revenues, with significant gains in Argentina and strong growth in Brazil and Argentina. The company operates an e-commerce platform and fintech ecosystem, offering online buying, selling, advertising, and payment solutions to millions of sellers.

While MercadoLibre is regarded as a high-quality, long-term investment, some analysts believe other AI stocks offer greater potential for higher returns with limited downside risk. For more information on potential AI stock investments, check out our free report on the best short-term AI stock and explore the 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Read more: Jefferies Downgrades MercadoLibre (MELI) to ‘Hold’, Hikes Price Target to $2,800