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MercadoLibre Inc. (MELI) | Equity Research
Initiation on MercadoLibre Inc. with a BUY rating and a $2,284 price target, implying a 39.7% upside. Our two-pillar thesis argues that MELI's unique commerce-bank structure deserves a premium valuation, while its current investment cycle is a build story, not a risk.
Udyat Kapasi | Hugo Larsson | Sebastian Espejel | Edwin Gustafsson1 July 20261.7 MB
Report Summary
Initiation on MercadoLibre Inc. with a BUY rating and a $2,284 price target, implying a 39.7% upside. Our two-pillar thesis argues that MELI's unique commerce-bank structure deserves a premium valuation, while its current investment cycle is a build story, not a risk.
Category: Equity Research
Author: Udyat Kapasi | Hugo Larsson | Sebastian Espejel | Edwin Gustafsson
Published: 1 July 2026