1 Growth Stock Down 20% to Buy Right Now
Latin American e-commerce leader (NASDAQ: MELI) is a riddle. The broader stock market is near all-time highs, but this stock is down roughly 20% from its peak. What gives?
There's not an obvious problem with the company. Sometimes, the stock market acts irrationally, and we must take that at face value.
However, investors need not sit idly by while such an outstanding growth stock trades at a discount. I had to double-check the fundamentals to ensure I didn't miss something, and what I found was a stellar business trading at bargain prices.
Source Fool.com
Mercadolibre Inc Stock
€1,531.2
0.550%
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 1792 € there is a slightly positive potential of 17.03% for Mercadolibre Inc compared to the current price of 1531.2 €.
