Billionaire Stan Druckenmiller’s 10 Stock Picks with Huge Upside Potential

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4. MercadoLibre, Inc. (NASDAQ:MELI)

Duquesne Capital’s Stake Value: $104.8 million

Analyst Upside as of June 15: 21.12%

Number of Hedge Fund Holders: 108

MercadoLibre, Inc. (NASDAQ:MELI) is one of billionaire Stan Druckenmiller’s top stock picks with huge upside potential. Analysts at BofA Securities reiterated their Buy rating on MercadoLibre, Inc. (NASDAQ:MELI) and maintained their price target of $3,000 on June 6. The analysts emphasized the possible effects of changing the company’s shipping regulations in Brazil.

An estimated 20% of MercadoLibre’s gross merchandise volume in Brazil, according to the analysts, falls between R$19 and R$79. This range excludes supermarket and cross-border transactions and is linked to slower shipping options like MELI Delivery Day.

However, BofA Securities states that a 30% increase in shipment density might balance the cost of the adjustments. Additionally, the firm points at how a single percentage point improvement in advertising penetration or greater earnings power in Argentina could justify the investment.

MercadoLibre, Inc. (NASDAQ:MELI), based in Buenos Aires, Argentina, is a prominent Latin American e-commerce technology company. Established in 1999, the main platforms of the company, MercadoLibre.com and MercadoPago.com, provide a variety of solutions for individuals and businesses engaged in online buying, selling, advertising, and payment operations.

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