10 Best NASDAQ Stocks to Buy For Long Term

6. MercadoLibre, Inc. (NASDAQ:MELI)

5-Year Revenue CAGR: 53.72%

Number of Hedge Fund Holders: 116

MercadoLibre, Inc. (NASDAQ:MELI) is one of the best NASDAQ stocks to buy for the long term. On September 12, Reuters reported that Mexico’s antitrust watchdog, Cofece, conducted an investigation into the country’s e-commerce market and found that sellers on MercadoLibre, Inc. (NASDAQ:MELI) faced barriers to competition.

However, Cofece’s commission could not reach a consensus to take corrective actions against MercadoLibre, Inc. (NASDAQ:MELI). The watchdog decided not to impose sanctions because of uncertainty regarding the benefits entailed for consumers and small businesses.

Cofece found that MercadoLibre, Inc. (NASDAQ:MELI) does not provide sufficient information to sellers on how featured products are chosen. Also, sellers using the platform’s logistics services receive more visibility for their products.

Previously, in February, MercadoLibre, Inc. (NASDAQ:MELI) said it would cooperate with Cofece’s investigation after a preliminary ruling.

In the second quarter of 2025, MercadoLibre, Inc.’s (NASDAQ:MELI) commerce business in Mexico delivered a strong performance. The number of items sold increased by 36% year-over-year, marking the fastest growth in nearly two years.

MercadoLibre, Inc. (NASDAQ:MELI) is the leading e-commerce and financial technology company in Latin America with a presence in 18 countries.