Barclays has raised its price target for MercadoLibre (MELI) from $2,500 to $3,100, maintaining an Overweight rating, driven by strong first-quarter results. The company's e-commerce and fintech sectors are thriving, with active users growing over 30% year on year, particularly in Argentina, where US dollar revenues have more than doubled. Despite challenges in Brazil and Mexico, MercadoLibre's credit portfolio expanded by 75% year on year, reflecting robust performance and brand preference across major markets.