MercadoLibre Hits 52-Week Low, Following BTIG Price Target Cut to $2,400

BTIG Research reduced its MercadoLibre (MELI) price target to $2,400 from $2,650. The firm maintained a buy rating on the e-commerce company.

MercadoLibre shares hit a new 52-week low on March 20, 2026. The stock traded as low as $1,631.18 before a slight recovery.

Recent downward revisions from multiple analysts reflect cautious sentiment on the stock's value. The broader analyst consensus for the stock remains a Moderate Buy.