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.

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