MercadoLibre (MELI) Sparks Confidence Amid Impressive GMV Growth

MercadoLibre Inc. (NYSE:MELI) is one of the 10 best retail stocks with huge upside potential. On February 25, Cantor Fitzgerald reduced the firm’s price target on MercadoLibre Inc. (NYSE:MELI) to $2,400 from $2,750. The firm maintained its Overweight rating on the stock, which still offers a revised upside potential of almost 36%.

Despite the cut, Cantor Fitzgerald highlighted that MercadoLibre Inc. (NYSE:MELI) beat fourth-quarter revenue and EBIT forecasts by 3% and 2%, respectively. This was primarily driven by 37% year-over-year GMV growth excluding FX and strong fintech performance. However, the growth numbers include 40% acquiring TPV growth and 90% credit portfolio expansion. Based on these factors, the firm continues to maintain its fundamental bullish stance on the company.

On February 12, J.P. Morgan upgraded MercadoLibre Inc. (NYSE:MELI) from a Neutral rating to Overweight. In the process, the firm also raised the price target from $2,650 to $2,800, which results in a revised upside of more than 58%.

MercadoLibre Inc. (NYSE:MELI) operates various e-commerce platforms with a global reach. These include Mercado Libre Marketplace, Mercado Pago, Mercado Fondo, Mercado Crédito, and Mercado Envios. Through these platforms, it covers various services and solutions such as online commerce, financial technology services, shipping, and investment solutions.

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.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 12 Best Beaten Down Technology Stocks to Buy According to Wall Street Analysts.

Disclosure: None. Follow Insider Monkey on Google News.