11 Best Stocks With Huge Upside Potential to Buy According to Reddit

6. MercadoLibre, Inc. (NASDAQ:MELI)

MercadoLibre, Inc. (NASDAQ:MELI) is one of the best stocks with huge upside potential to buy according to Reddit. JPMorgan cut the price target on MercadoLibre, Inc. (NASDAQ:MELI) to $2,650 from $2,800 on March 3, maintaining an Overweight rating on the shares and telling investors that it is remaining “constructive” on the shares post earnings. However, it also added that the share upside may now take longer to materialize.

MercadoLibre, Inc. (NASDAQ:MELI) also received a rating update from Morgan Stanley on March 2, with the firm lowering the price target on the stock to $2,800 from $2,950 while reiterating an Overweight rating on the shares. It stated that logistics and marketing spending drive the firm’s 2026 EBIT down 8% on margins of 10.1%, down from a prior forecast of 11.5%. However, it also said that investments drive growth and that its long-term conviction in profitability remains.

In a separate development, Cantor Fitzgerald cut the price target on MercadoLibre, Inc. (NASDAQ:MELI) to $2,400 from $2,750 on February 25, maintaining an Overweight rating on the shares. The firm stated that its fundamental bullish outlook remains intact, with MercadoLibre, Inc. (NASDAQ:MELI) beating fiscal Q4 revenue and EBIT estimates by 3% and 2%, respectively, with 37% year over year GMV growth ex-FX and strong fintech performance, including +40% acquiring TPV and +90% credit portfolio growth.

MercadoLibre, Inc. (NASDAQ:MELI) operates an online commerce platform that focuses on e-commerce and associated services. Its operations are divided into the following geographical segments: Brazil, Argentina, Mexico, and Other Countries.