15 Highest-Priced Stocks Right Now

7. MercadoLibre, Inc. (NASDAQ:MELI)

Share Price on February 14: $2,109.99

MercadoLibre, Inc. (NASDAQ:MELI) operates online marketplaces to facilitate auctions and e-commerce. Some of its main platforms include Mercado Libre Marketplace, Mercado Pago FinTech, Mercado Fondo (investments), Mercado Credito (loans), and Mercado Envios (logistics).

The company has a geographic presence in 18 countries, including dominant positions in Argentina, Brazil, and Mexico. Through its platforms, MercadoLibre, Inc. (NASDAQ:MELI) has fostered the development of a large e-commerce community in Latin America, a region with a population of over 660 million people and rapidly growing internet penetration.

In January, the Mexican government slapped 19% tariffs on low-cost imports from countries that do not have a free-trade agreement with Mexico, which includes China. This comes as a new hurdle for Asian retailers like Temu and Shein in their penetration of North America’s e-commerce market.

The measure comes amid heightened trade tensions between the United States and Mexico, with Trump in the past accusing the neighbor of being a backdoor for Chinese products. About 15% of MercadoLibre, Inc. (NASDAQ:MELI)’s goods sold in Mexico come from abroad, primarily China. While the company will be impacted by the tariffs, analysts believe the overall effect will be positive amid reduced competition from Asian retailers.

MercadoLibre, Inc. (NASDAQ:MELI)’s share price has surged 24% year-to-date, making it one of the highest-priced stocks right now. Wall Street analysts are bullish on the company’s future outlook and have a consensus Strong Buy rating for the stock. They also anticipate a further 8% uptick, on average, in MELI’s share price.