UBS Increases MercadoLibre (MELI) Price Target to $3,000, Maintains Buy Rating

UBS analysts raised MercadoLibre, Inc. (MELI) price target from $2,500 to $3,000, maintaining a “Buy” rating. The company’s first-quarter 2025 results showed strong performance in e-commerce and fintech, especially in Argentina. Mercado Pago, the fintech division, applied for a banking license in Argentina to strengthen its position in the market.

MercadoLibre, Inc. (MELI) benefits from a favorable economic environment in Argentina and is making strategic moves to expand its fintech services in the region. The company operates in 18 countries and is a leading e-commerce and fintech company in Latin America.

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Read more at Yahoo Finance: UBS Raises MercadoLibre (MELI) Price Target, Keeps Buy Rating