Why These 15 Retail Stocks Are Skyrocketing So Far In 2025

Page 4 of 14

11. MercadoLibre Inc (NASDAQ:MELI)

Number of Hedge Fund Holders In Q3 2024: 87

MercadoLibre Inc (NASDAQ:MELI) is Latin America’s largest e-commerce and fintech ecosystem.

The stock is up significantly year-to-date as its revenue surged 35.3% year-over-year to $5.31 billion, with net income up 10.6% to $397 million. The total payment volume also grew 34%.

Furthermore, marketplace unique buyers grew at the fastest pace since 2020 with 60.8 million unique buyers, up 21% year-over-year. And as with most ad-related companies in the past year, MercadoLibre is seeing a surge in its advertising revenue. Advertising revenue grew 37% year-over-year.

The consensus price target of $2,244.69 implies 12.4% upside.

MELI stock is up 17.42% year-to-date.

Page 4 of 14