Reported 23 days ago
UBS has raised the price target for MercadoLibre, Inc. (NASDAQ:MELI) from $2,500 to $3,000 while maintaining a 'Buy' rating following the company's strong Q1 2025 performance in its e-commerce and fintech sectors, particularly in Argentina. The company is also pursuing a banking license for its fintech division, Mercado Pago, enhancing its regional strategy as it aims to solidify its leadership in Latin America's digital market.
Source: YAHOO