Barclays Lowers Price Target on MercadoLibre (MELI) to $2,800, Cites Competitive Intensity, Investment Mode

Core Viewpoint - MercadoLibre Inc. is facing challenges due to rising competitive intensity and income estimate cuts, leading to a lowered price target by Barclays to $2,800 from $3,000 while maintaining an Overweight rating [1] Group 1: Price Target Adjustments - Barclays analyst Trevor Young has reduced the price target for MercadoLibre to $2,800 from $3,000, citing competitive pressures and income estimate reductions [1] - Susquehanna also lowered its price target for MercadoLibre to $2,900 from $2,975, while keeping a Positive rating, indicating a shift towards an investment mode with broader free shipping and increased sales and marketing efforts [2] Group 2: Company Operations and Market Position - MercadoLibre operates online commerce platforms across Brazil, Mexico, Argentina, and internationally, highlighting its significant market presence [3] - The company is expected to focus on investment initiatives, including the rollout of credit services and various technology projects, which may impact short-term profitability [2]