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Scotiabank Initiates MercadoLibre with Buy Rating and $3,500 Target Price
ByAinvest
Friday, Aug 1, 2025 6:51 am ET1min read
Scotiabank analyst Hector Maya initiated coverage on MercadoLibre, Inc. (NASDAQ:MELI) with a Buy rating and a $3,500 price target. The analyst calls the stock "LatAm Retail Top Pick" due to the company's peerless moat in Latin America, unmatched logistics, and technological capabilities. MercadoLibre is positioned to lead the shift from physical retail to online shopping in the region.
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