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MercadoLibre, Inc. (NASDAQ:MELI) is one of the Stocks that Billionaire Druckenmiller and Jim Cramer like.
On April 20, 2026, Barclays lowered its price target on MercadoLibre, Inc. (NASDAQ:MELI) from $2,600 to $2,500 and maintained an Overweight rating on the stock. With the company set to report its first-quarter 2026 results, the firm has lowered its operating income estimates for MercadoLibre, Inc. (NASDAQ:MELI). Though Barclays acknowledges improvements in consumer demand trends in e-commerce during the quarter, it has raised concerns about agentic, the macro environment, and fuel prices.
Separately, on April 21, 2026, Cantor Fitzgerald also adjusted MercadoLibre, Inc. (NASDAQ:MELI)’s price target, lowering it from $2,400 to $2,350 while maintaining an Overweight rating on the stock. The firm’s analyst anticipates positive first-quarter ecommerce results, with performance that either meets or surpasses estimates. However, citing macro and trade-related uncertainties, the analyst expects a cautious Q2 guidance. The firm further stated that the use of AI in product innovation will bring growth in e-commerce adoption in the quarters ahead.
The stock accounts for 2.11% of Druckenmiller’s portfolio. And in December 2025, during the Mad Money Lightning Round, Cramer commended the stock and claimed he was an investor in the company.
That is such a good company. I was an original investor in it.
Founded in 1999, MercadoLibre, Inc. (NASDAQ:MELI) is the leading e-commerce and fintech ecosystem in Latin America. Headquartered in Argentina, the company develops an online commerce platform focused on e-commerce and related services.
While we acknowledge the potential of MELI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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