2 Reasons MercadoLibre Is the Stock to Watch Now
(NASDAQ: MELI) is among the best-performing e-commerce stocks in the last five years. With a 275% return, the Latin American company has beaten some of the behemoths of this sector -- including Amazon and Shopify -- in delivering returns to investors during this period.
This rising star delivered remarkable growth during the pandemic and even sustained that performance in recent quarters. Let's delve into two reasons MercadoLibre should still be on investors' radar now.
Image source: Getty Images.
Source Fool.com
Mercadolibre Inc Stock
€1,520.6
1.370%
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 17.85% compared to the current price of 1520.6 € for Mercadolibre Inc.
