🔴 MELI is trading 5% down today, hitting a 52-week low on analyst downgrades and post-earnings pressure

MELI is trading at $1547.32 (-5.22%), hitting a new 52-week low as shares extend their slide following its Q1 2026 earnings report.

• The stock is under renewed pressure after multiple analysts, including Benchmark, trimmed their price targets on May 11, citing ongoing concerns about profitability.
• This extends the negative reaction to the May 7 earnings report, where a revenue beat was overshadowed by significant margin compression due to strategic investments in logistics and its credit business.
• In a contrary development, it was also reported on May 11 that famed investor Michael Burry acquired a position in MELI last week, capitalizing on the initial post-earnings price drop.