Barclays Maintains Overweight on MercadoLibre, Lowers Price Target to $1800
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young has maintained an Overweight rating on MercadoLibre (NASDAQ:MELI) but has lowered the price target from $2000 to $1800.

April 03, 2024 | 1:28 pm
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on MercadoLibre but lowers the price target from $2000 to $1800.
While the reduction in price target could suggest a more cautious outlook on MercadoLibre's future stock performance, the maintenance of an Overweight rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest both the positive and negative aspects of the analyst's outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100