10 Best Stocks to Buy for the Next 5 Years

3. MercadoLibre Inc. (NASDAQ:MELI)

EPS Forward Long Term Growth (3-5 Year CAGR): 32.14%

Number of Hedge Fund Holders: 109

MercadoLibre Inc. (NASDAQ:MELI) is one of the best stocks to buy for the next 5 years. On November 24, UBS analyst Kaio Prato lowered the firm’s price target on MercadoLibre to $2,900 from $3,000.

Earlier on November 17, Citi lowered the firm’s price target on MercadoLibre to $2,500 from $2,700 with a Buy rating on the shares. Citi initiated a 90-day negative short-term view on MercadoLibre due to concerns that competitive headwinds may lead to downward revisions in earnings estimates. Despite this tactical caution, the firm maintains that the stock’s valuation is compelling and offers a favorable entry point for those looking past the immediate volatility.

In other news, on December 10, Mercado Libre and Agility Robotics announced a major commercial agreement to deploy the Digit humanoid robot within Mercado Libre’s fulfillment operations. The partnership marks a significant milestone in industrial automation, moving humanoid technology from the demo phase to real-world commercial application. The initial rollout will take place at Mercado Libre’s facility in San Antonio, Texas, where Digit will focus on tote handling.

The goal of this partnership is to address chronic labor shortages in high-turnover roles while improving ergonomic safety for human employees. By delegating boring and physically taxing workflows to Digit, Mercado Libre aims to free its team members for more complex, value-added work. While the Texas deployment serves as the launchpad, both companies have expressed clear intentions to explore future expansions into Mercado Libre’s vast logistics network across Latin America.

MercadoLibre Inc. (NASDAQ:MELI) operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.