11 Best Fintech Stocks to Buy Right Now

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3. MercadoLibre, Inc. (NASDAQ:MELI)

Number of Hedge Fund Holders: 108

MercadoLibre, Inc. (NASDAQ:MELI) ranks among the best fintech stocks to buy right now. On June 2, UBS analysts increased the price target for MercadoLibre, Inc. (NASDAQ:MELI) from $2,500 to $3,000 and kept a “Buy” rating.

This adjustment came after the company reported its first-quarter 2025 results, showing solid performance in both its e-commerce and fintech businesses, especially in Argentina.

The analysts noted that MercadoLibre, Inc. (NASDAQ:MELI) is benefiting from a favorable economic environment in Argentina. This is expected to help the company mitigate some margin pressures caused by ongoing investments.

MercadoLibre, Inc.’s (NASDAQ:MELI) fintech division, Mercado Pago, has also applied for a banking license in Argentina. This move aims to strengthen its position in the region’s fintech sector. The company is looking to expand its service offering within its 100% digital market and this step is part of a regional strategy already underway in countries like Brazil and Mexico.

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

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