Jefferies and BTIG Bullish on MercadoLibre (MELI)

​MercadoLibre, Inc. (NASDAQ:MELI) is among the Stocks That Will Double in the Next 5 Years.

​On April 7, Alexander Wright from Jefferies upgraded MercadoLibre, Inc. (NASDAQ:MELI) from Hold to Buy, but lowered the price target from $2,800 to $2,600. The firm noted that the earnings downgrades due to compressing margins have sent the valuation of the company to historic lows. However, the increased investment is coming out as a strong revenue growth driver.

​In separate news, on April 10, BTIG reiterated a Buy rating on the stock with a price target of $2,400. The firm noted updating its valuation model to reflect recent macroeconomic factors, including foreign exchange rates, energy prices, and retail spending trends. BTIG kept its full-year 2026 operating income estimate steady at around $3.6 billion while anticipating a $120 million shortfall in first-half 2026 operating income. It also increased first-quarter 2026 loan loss provisions due to expected robust new credit card issuance.

​MercadoLibre, Inc. (NASDAQ:MELI) runs online commerce platforms. It operates Mercado Pago and Mercado Libre Marketplace. The company also offers  Mercado Fondo, Mercado Envios, and Mercado Credito. MercadoLibre was founded in 1999 and is based in Montevideo, Uruguay.

While we acknowledge the risk and potential of MELI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MELI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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