From Barchart: 2025-06-06 16:13:00

Shares of MercadoLibre (NASDAQ:MELI) dropped 5.3% after Jefferies analysts downgraded the stock due to valuation concerns, not company fundamentals. The shares closed at $2,478, down 3.8%. The market sees this news as significant but not game-changing. MercadoLibre recently reported strong Q1 2025 results, driving revenue growth in Argentina by 184% and improving profits. The stock is up 40.6% YTD, trading close to its 52-week high. Investors who bought 5 years ago would see a 189% return. For more insights on high-tech stock picks, check out our free report on a promising enterprise software stock.



Read more at Barchart: Why MercadoLibre (MELI) Stock Is Down Today