10 Stocks That Will Make You Rich In 2025

8. MercadoLibre, Inc. (NASDAQ:MELI)

Analysts Upside Potential: 35.96%

MercadoLibre, Inc. (NASDAQ:MELI) is a leading e-commerce platform in Latin America. It operates through two main segments: e-commerce and Fintech. It was founded in 1999 and quickly established its competitive first-mover advantage by developing an extensive logistics network across the region. It now operates in 18 countries with most of its revenue coming from Brazil, Mexico, and Argentina. Management quickly developed another strategic advantage by introducing Mercado Pago’s digital payments platform for its shoppers, which later became the foundation of its Fintech segment.

The company reported robust financial performance in the third quarter of 2024. It achieved 34% year-over-year growth in gross merchandise volume (GMV) in Brazil and 27% growth in Mexico. Moreover, in Argentina the number of items sold grew by 16%, surpassing 60 million items sold, marking the highest volume ever for the platform. The company added nearly 7 million new buyers, a figure that exceeds even the peak growth seen during the pandemic.

Despite these impressive growth figures e-commerce penetration in Latin America remains low, with only 15% of commerce occurring online. According to Parnassus Growth Equity Fund, the low online commerce penetration figures in Latin America present a long runway of growth for MercadoLibre, Inc. (NASDAQ:MELI). Considering its brand presence and robust logistics network throughout the region the company is expected to benefit from shoppers transitioning from offline to online mode of shopping. Here’s what Parnassus Growth Equity Fund stated regarding MercadoLibre, Inc. (NASDAQ:MELI) in its Q3 2024 investor letter:

“Against the backdrop of macro uncertainty, we opportunistically added high-quality businesses that had sold off amid overstated fears of consumer spending weakness. These new holdings include fast-casual chain Chipotle Mexican Grill and Latin American online retail giant MercadoLibre, Inc. (NASDAQ:MELI) in the Consumer Discretionary sector.

MercadoLibre benefits from the ongoing transition from offline to online shopping, along with the growing adoption of digital financial services in Latin America. With its strong brand, robust logistics network, dominant market share, and top-tier management team, the company is well positioned to sustain revenue growth and margin expansion.”