Morgan Stanley sees over 40% upside for MercadoLibre
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MercadoLibre (NASDAQ:MELI) remains a top pick at Morgan Stanley, with the bankâs latest research suggesting over 40% upside for the stock.

In a new research note diving into the company, the bankâs analysts indicated that the sum of the parts across marketplace, first-party sales, advertising, logistics, and fintech capabilities are undervalued.

âIncorporating segment modeling, our earnings forecasts increase, and we see a widening gap versus consensus estimates; our PT rises to a Street-high $1,770, on DCF drivers and SOTP support,â the team wrote. âWith +48% price target upside and a 2.6:1 positive risk-reward skew, OW-rated MELI remains our Top Pick.â

The team added that âa fulfillment fee ramp-up could push logistics to standalone profitabilityâ and drive a bull case potential to $2,150. Shares of MercadoLibre (MELI) rose over 4% on Friday.
Read more on the companyâs latest earnings results.