20 Best Fintech Stocks to Buy According to Billionaires

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8. MercadoLibre, Inc. (NASDAQ:MELI)

Number of Billionaire Investors: 15

Number of Hedge Fund Holders: 96

MercadoLibre, Inc. (NASDAQ:MELI) is a major e-commerce and financial technology company in Latin America. The company provides a wide variety of products and services including an online marketplace, financial services, logistics services, advertising solutions, and merchant acquiring. Through its Mercado Pago business, MercadoLibre, Inc. (NASDAQ:MELI) offers fintech solutions. The company has operations in 18 countries. MercadoLibre, Inc. (NASDAQ:MELI) is one of the best fintech stocks to invest in.

The company is making strategic investments and efforts to build a business with bigger scale. On February 23, 2025, Morgan Stanley analyst Andrew Ruben raised the price target for MercadoLibre, Inc. (NASDAQ:MELI) from $2,400 to $2,650 and maintained an “Overweight” rating. This revision followed Morgan Stanley’s review of the company’s annual 10-K filing for 2024. The review highlighted that MercadoLibre, Inc. (NASDAQ:MELI) is currently focused on investing in AI, talent, and fintech. Morgan Stanley increased its fiscal year 2025 EBIT forecast for the company by 9% while also identifying MELI as a top pick due to its strong growth momentum.

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