From Nasdaq: 2025-05-10 07:15:00

Wall Street analysts provide insights on stocks and industries, offering opportunities for retail investors to benefit. Goldman Sachs analysts have a bullish outlook on MercadoLibre Inc. (NASDAQ: MELI) in the technology sector, emphasizing its dominance in Latin American e-commerce and potential amid trade tariffs affecting Chinese imports.

MercadoLibre’s strategic position in Latin America could facilitate backdoor dealings to avoid tariffs on Chinese imports by major players like Amazon. The company’s recent financial performance, with impressive user growth and revenue figures, has attracted positive ratings from analysts, including a Buy target from Goldman Sachs and a higher valuation target from Barclays.

Analysts forecast significant upside potential for MercadoLibre, with projected earnings per share (EPS) growth and stock price increases. The speculation of backdoor dealings to avoid tariffs could further boost the company’s presence in the e-commerce market, making it a compelling investment opportunity for investors seeking growth potential. 1. The stock market saw a significant drop today, with the S&P 500 falling by 2.5% and the Dow Jones Industrial Average dropping by 600 points. This was attributed to growing concerns over inflation and rising interest rates.

2. In other news, a new study revealed that 80% of Americans are now fully vaccinated against COVID-19. This milestone comes as the country continues to make progress in its vaccination efforts, with over 200 million doses administered so far.

3. The latest report from the Labor Department showed that the unemployment rate has fallen to 4.6%, the lowest it has been since the start of the pandemic. This signals a strong recovery in the job market, with 531,000 jobs added in the last month alone.

4. On the international front, tensions are rising between Russia and Ukraine as Russian troops continue to build up along the border. The US and its allies have expressed concern over the escalating situation, calling for a peaceful resolution to the conflict.

5. In technology news, Apple announced the launch of its new iPhone 13, featuring improved camera capabilities and faster processing speeds. The company also unveiled a new line of accessories, including AirPods and Apple Watches, further solidifying its position as a leader in the tech industry.



Read more at Nasdaq: Here’s The Reason Goldman Sachs Is Bullish On MercadoLibre Stock