From Financial Modeling Prep: 2025-04-15 17:02:00

Benchmark has initiated coverage on MercadoLibre (NASDAQ:MELI) with a Buy rating and a $2,500 price target, highlighting the company as a standout investment opportunity in emerging markets.

MercadoLibre’s dominant market position in Latin America’s online retail sector, controlling 25% of the market, sets the stage for long-term expansion with e-commerce penetration in the region still low.

The company’s growth in digital financial services is seen as a key growth engine, with the potential to capture a larger share of the underbanked market as digital adoption accelerates.

With exposure to online retail and digital finance trends, MercadoLibre is viewed by Benchmark as a compelling long-term growth story in emerging market equities.



Read more at Financial Modeling Prep:: MercadoLibre Viewed as a Top Emerging Markets Play…