MercadoLibre, Inc. (NASDAQ:MELI) is one of the
14 Stocks That Will Skyrocket.
This stock is part of a pitch by the Motley Fool, which promises stocks to hold beyond 2026. The stock is described as the one that “powers online shopping, digital payments, and logistics across an entire continent most investors overlook.”
As per Gumshoe’s well-known ‘Thinkolator,’ the firm is none other than the hot eCommerce company MercadoLibre, Inc. (NASDAQ:MELI). Its shares are down by 33% over the past year and by 17% year-to-date. BTIG discussed the firm on April 10th as it reiterated a Buy rating and a $2,400 share price target for the firm. Macroeconomic factors such as the value of the Argentinian Peso were part of BTIG’s coverage of MercadoLibre, Inc. (NASDAQ:MELI). It remarked that since the Peso’s white and gray market rates were now aligned, foreign exchange losses should be lower than expected. On April 6th, Jefferies bumped MercadoLibre, Inc. (NASDAQ:MELI)’s share rating to Buy from Hold and lowered the price target to $2,600 from $2,800.
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While we acknowledge the potential of MELI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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