10 Best All-Time High Stocks to Buy According to Analysts

8. MercadoLibre, Inc. (NASDAQ:MELI)

Price: $2,384.90

All-Time High: $2,645.22

Number of Hedge Fund Holders: 108

Analyst Upside Potential: 21.60%

MercadoLibre, Inc. (NASDAQ:MELI) is one of the Best All-Time High Stocks to Buy According to Analysts. On July 28, Scotiabank analyst Hector Maya initiated coverage on MercadoLibre, Inc. (NASDAQ:MELI) with a Buy rating and a $3,500 price target.

The analyst calls the stock “LatAm Retail Top Pick,” noting that the company has built a peerless moat with its more than 25 years of investment in Latin America. Analyst Maya noted that the company has built a network of unmatched logistics and technological capabilities that enable the company to enjoy a peerless market.

Moreover, the analyst also believes that MercadoLibre, Inc. (NASDAQ:MELI) is uniquely positioned to lead the ongoing shift from physical retail to online shopping in Latin America, which justifies the firm’s highest on-the-street target for the stock.

MercadoLibre, Inc. (NASDAQ:MELI) is a leading e-commerce platform in Latin America, operating in around 18 countries. The company provides an ecosystem of services, including Mercado Pago, Mercado Envios, Mercado Ads, and Mercado Shops.