Barclays analyst Trevor Young lowered MercadoLibre’s price target to $2,800 from $3,000, citing rising competitive intensity and income estimate cuts. Susquehanna also lowered their price target to $2,900, noting the company’s shift to an investment mode with free shipping and tech initiatives. MercadoLibre operates online commerce platforms in multiple countries. Some analysts believe other AI stocks offer greater upside potential than MercadoLibre.

Read more at Yahoo Finance: Barclays Lowers Price Target on MercadoLibre (MELI) to $2,800, Cites Competitive Intensity, Investment Mode