"Top Recommendation in the Retail Sector in Latin America": Scotiabank Sets new Price Target Benchmark for MercadoLibre at $3,500 (+48%)
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MercadoLibre (MELI) is the leading e-commerce and fintech provider in Latin America, operating in almost 20 countries, particularly in Brazil, Argentina, and Mexico. The company offers an integrated ecosystem consisting of a marketplace, payment service (Mercado Pago), logistics solutions, advertising, and lending. In the first quarter of 2025, MercadoLibre achieved a revenue growth of 37% to $5.9 billion and increased net profit by 44%. The operating margin improved significantly. Argentina was a growth driver: revenue doubled, the trading volume...
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