BofA/Merrill analyst Robert Ford Aguilar sees multiple opportunities for MercadoLibre across fintech with considerable market growth. The analyst said MercadoLibre is improving Net Promoter Scores by reducing transaction costs and increasing control of payments and fulfillment, while increasing growth in smaller markets through marketplace enhancements. Aguilar also sees the company moving into more relevant and higher velocity categories of FX through inventory centralization. As a result, the analyst raised MercadoLibre's price target to $450 from $385 and reiterated a Buy rating on shares.