MercadoLibre, Inc. (NASDAQ:MELI) is one of the 10 Most Promising Fintech Stocks to Buy Now.
On July 8, Citi maintained its Hold rating on MercadoLibre, Inc. (NASDAQ:MELI) with a price target of $1,950 on the stock
The research firm noted that MercadoLibre, Inc. (NASDAQ:MELI) continues to deliver solid credit performance, with no signs of weakening. In its Q1 2026 results, the company said its fintech business remained strong. Monthly active users (MAUs) climbed 29% year-over-year to reach 83 million.
MercadoLibre, Inc. (NASDAQ:MELI) added nearly 20 million users in one year. The company also said that growth accelerated in both Brazil and Mexico, while new customers are showing the highest levels of retention and engagement the company has seen. Assets under management (AUM) reached nearly $20 billion, up 77% year-over-year.