Core Viewpoint - Analysts from Goldman Sachs have adopted a bullish stance on MercadoLibre, indicating potential growth opportunities in the e-commerce sector, particularly in the context of trade tariffs affecting other companies like Alibaba and Amazon [2][3][10]. Company Overview - MercadoLibre Inc. (NASDAQ: MELI) is a leading player in the Latin American e-commerce market, benefiting from its strong position amid trade tariff uncertainties [3][6]. - The company reported over 100 million annual unique buyers, which serves as a significant foundation for financial growth [8]. Financial Performance - MercadoLibre's gross market value (GMV) grew by 8% over the past 12 months, reaching 6.1 billion, marking a 37% increase compared to the previous year, indicating strong growth potential [9]. - Analysts forecast a 12-month stock price target of 2,452.53 [10]. Analyst Ratings and Predictions - Goldman Sachs has reiterated a Buy target with a valuation of 3,100 per share, indicating a potential 30% upside from current prices [11][12]. - Analysts predict earnings per share (EPS) could reach 7.82, aligning with the optimistic outlook from both Goldman and Barclays [12].
Here's The Reason Goldman Sachs Is Bullish On MercadoLibre Stock