Reported 2 days ago
Wall Street is optimistic about MercadoLibre, Inc. (NASDAQ:MELI) after it exceeded revenue expectations with $6.79 billion for Q2 2025, showing a 33.85% year-over-year growth. Analysts project a 12-month price target of $2,850, indicating an 18.09% potential upside. Additionally, Joao Soares from Citi has maintained a Buy rating, emphasizing the company’s recent credit card launch in Argentina and its successful digital payment platform, Pago. Despite acknowledging MercadoLibre's investment potential, some experts suggest certain AI stocks may offer more upside.
Source: YAHOO