Barclays lowered the firm’s price target on MercadoLibre (MELI) to $2,500 from $2,600 and keeps an Overweight rating on the shares. The firm reduced the company’s operating income estimates ahead of the Q1 report. Consumer demand trends in e-commerce improved throughout the quarter, but questions remain around agentic, the macro backdrop and fuel prices, the analyst tells investors in a research note.
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