Key Stats for MercadoLibre Stock
- Price change for MercadoLibre stock: -5%
- $MELI Share Price as of Mar. 12: $1680
- 52-Week High: $2645
- $MELI Stock Price Target: $2663
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What Happened?
Mercado Libre (MELI) stock is under pressure after JPMorgan downgraded MELI from Overweight to Neutral and slashed its price target from $2,650 to $2,100.
The downgrade centers on two core concerns:
- intensifying competition from Shopee in Brazil and
- Ongoing margin compression that management has shown little intention of reversing.
The timing is notable.
MercadoLibre just delivered Q4 revenue growth…
