1 Under-the-Radar Growth Stock to Buy in August
If you had the opportunity to go back and buy Amazon stock, almost any investor would take it.
Well, you can't do that without a time machine, but you can buy another stock that bears a striking resemblance to where Amazon was a decade or so ago.
That's MercadoLibre (NASDAQ: MELI), a Latin American e-commerce and digital payments company. Like Amazon, MercaodLibre started as a direct online retailer and has expanded from there into a wide range of businesses, including logistics, a third-party marketplace, digital payments, financing, and advertising. Furthermore, it's built an impressive set of competitive advantages along the way that is delivering rapidly expanding profit margins.
Source Fool.com
Mercadolibre Inc Stock
€1,497.6
-1.470%
With 23 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 1792 € shows a slightly positive potential of 19.66% compared to the current price of 1497.6 € for Mercadolibre Inc.
