13 Best Long Term Growth Stocks to Invest in Right Now

Page 2 of 12

11. MercadoLibre, Inc. (NASDAQ:MELI)

5-Year Revenue Growth: 55.33%

Number of Hedge Funds: 108

MercadoLibre, Inc. (NASDAQ:MELI) is one of the 13 Best Long Term Growth Stocks to Invest in Right Now. On June 18, analyst Andrew R. Ruben of Morgan Stanley maintained a “Buy” rating on MercadoLibre, Inc. (NASDAQ:MELI), with a price target of $2,850.

The analyst supported the positive rating by citing the company’s growth potential and strategic initiatives, noting that one of the primary reasons behind this approach is its decision to expand its free shipping policy in Brazil.

The firm considers this decision a positive factor for MercadoLibre, Inc. (NASDAQ:MELI), as it can help the company capture more e-commerce purchase occasions. The company’s efficient logistics network supports this move, aiming to expedite delivery and slash shipping costs to improve customer satisfaction and increase order frequency.

The firm also stated that MercadoLibre, Inc. (NASDAQ:MELI) has demonstrated stable credit performance in its digital banking operations and expects significant long-term growth opportunities. Additionally, the analyst reasoned that a potential economic recovery in Argentina could provide MercadoLibre, Inc. (NASDAQ:MELI) with additional support to expand its regional credit operations, thereby strengthening its financial performance.

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.

Page 2 of 12