MercadoLibre, Inc. (NASDAQ:MELI) ranks among the best growth stocks to buy and hold for the long term. On February 25, Raymond James reduced its price target for MercadoLibre, Inc. (NASDAQ:MELI) to $2,500 from $2,775 while retaining a Strong Buy rating on the company’s shares. According to the firm, MercadoLibre’s gross merchandise volume (GMV) of $19.8 billion came in above the street’s expectation of $19.0 billion, with Brazil recording 36% year-over-year growth.

With a $2 billion run-rate business at 2.6% of GMV, advertising income grew at an accelerated pace of 67%. Raymond James believes this is comparable to Amazon at roughly $70 billion and 7% of GMV.

Looking ahead to 2026, MercadoLibre, Inc. (NASDAQ:MELI) has multiple tailwinds across both its e-commerce and fintech sectors, which should continue to drive robust top-line growth. That said, according to analysts, strategic growth initiatives may keep margins uncertain in the near term.

MercadoLibre, Inc. (NASDAQ:MELI) is a Latin American e-commerce company with roots in Argentina. Its platform enables retail and wholesale transactions through online marketplaces and provides tools and services designed to help users complete and manage commercial transactions.

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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