10 Best Performing Fintech Stocks to Buy According to Analysts

8. MercadoLibre, Inc. (NASDAQ:MELI)

Year-to-Date Performance: 24.51%

Average Price Target Upside Potential According to Analysts: 13.76%

Number of Hedge Fund Holders: 96

MercadoLibre, Inc. (NASDAQ:MELI) is Latin America’s leading e-commerce and financial technology company. The company has operations in 18 countries and offers a range of services including an online marketplace, financial services, logistics services, advertising solutions, and merchant acquiring. The company offers its fintech solutions through its Mercado Pago business. MercadoLibre, Inc. (NASDAQ:MELI) ranks among the best-performing stocks in the fintech sector.

The company is focused on a long-term growth strategy and continues to invest in its business. With a clear strategy to build a business with much greater scale, MercadoLibre, Inc. (NASDAQ:MELI) is looking to benefit from the growth of e-commerce and digitalization of cash in Latin America. On February 23, 2025, Morgan Stanley analyst Andrew Ruben increased the firm’s price target on MercadoLibre, Inc. (NASDAQ:MELI) to $2,650 from $2,400 and reiterated an ‘Overweight’ rating. This decision came after reviewing the company’s annual 10-K filing for 2024. Morgan Stanley’s review of the filing highlighted the company’s strategic focus on investing in AI, talent, and fintech. The firm raised its forecast for MercadoLibre, Inc.’s (NASDAQ:MELI) fiscal year 2025 EBIT by 9% and identified MELI as a top pick due to its strong growth momentum.