Morgan Stanley Maintains a Buy Rating on MercadoLibre (MELI) With a $2,850 PT

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.

Is MercadoLibre, Inc. (MELI) Among The Aggressive Stocks Picked by Hedge Funds?

A customer using their phone to access an online commerce platform.

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.

While we acknowledge the potential of MELI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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