What Does Wall Street Think About MercadoLibre (MELI)?

MercadoLibre, Inc. (NASDAQ:MELI) is one of the Stocks That Will Make You Rich In 5 Years. Wall Street is bullish on MercadoLibre, Inc. (NASDAQ:MELI) after it topped revenue estimates for Q2 2025. The company posted $6.79 billion in revenue, reflecting a 33.85% year-over-year growth and ahead of estimates by $126.34 million. The analysts’ 12-month average price target of $2,850 represents an 18.09% upside from the current levels.

Recently, on August 21, Joao Soares from Citi maintained a Buy rating on MercadoLibre, Inc. (NASDAQ:MELI) with a price target of $2,850. He highlighted the recent launch of a credit card in Argentina, supported by Mastercard, noting that this move targets a large, underdeveloped credit market. Moreover, the company’s digital payment platform, Pago, is also performing well and has over 20 million monthly users in Argentina. Soares sees value in MercadoLibre, Inc. (NASDAQ:MELI) potentially getting a full banking license.

MercadoLibre, Inc. (NASDAQ:MELI) is a leading e-commerce company based in Uruguay with Argentinian roots. It offers an integrated online platform that supports buying, selling, payments, credit, shipping, advertising, and digital storefront services.

While we acknowledge the potential of MELI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MELI and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.