Roughly 90% of Wall Street analysts who cover the stock rate it a "buy," with an average price target of $2,268 — about 8% upside from where it was trading this week, according to FactSet. There are no sell ratings.
Brad Gerstner of Altimeter Capital is one such bull. He highlighted expanding profit margins and MercadoLibre's AI potential as reasons he's "excited" by the stock.