33 Stocks That Should Double in 3 Years

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12. MercadoLibre Inc. (NASDAQ:MELI)

MercadoLibre Inc. (NASDAQ:MELI) is one of the stocks that should double in 3 years. On February 24, MercadoLibre reported 2025 earnings, with a 45% year-over-year increase in Q4 net revenues. While the company’s reported EPS of $11.03 missed analyst expectations of $11.45, full-year income from operations grew by 22%. The CFO attributed the performance to the dual acceleration of the company’s commerce and fintech ecosystems.

MercadoLibre Inc. (NASDAQ:MELI) noted that intentional margin compression during the period reflected investments in high-growth areas, specifically shipping subsidies and credit card expansion, to capture long-term market share in Latin America. The commerce division saw gains in major markets, with GMV growing 35% year-over-year in both Brazil and Mexico. In Brazil, a decision to lower free shipping thresholds resulted in a 45% increase in items sold and improved purchase frequency.

The company highlighted the tangible impact of AI across its operations. AI-powered bidding algorithms fueled a 67% growth in the advertising business, while a conversational AI assistant now handles 87% of Mercado Pago customer interactions, significantly improving operational efficiency. MercadoLibre’s fintech arm, Mercado Pago, achieved the leading Net Promoter Score across Brazil, Mexico, Argentina, and Chile. The credit portfolio doubled year-over-year to $12.5 billion, supported by the issuance of 3 million new credit cards in the fourth quarter alone.

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

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