3 Reasons to Buy MercadoLibre Stock Like There's No Tomorrow
Amazon is so big you might think it dominates everywhere. That's not the case, though. In Latin America, there's another 800-pound gorilla: (NASDAQ: MELI).
Over the last 10 years, MercadoLibre stock has been a 20-bagger, nearly doubling Amazon's return. Is it too late to jump aboard this Latin American leader's bandwagon? Not at all. Here are three reasons to buy MercadoLibre stock like there's no tomorrow.
Arguably the most important reason to buy MercadoLibre stock like there's no tomorrow is that there is a tomorrow. The company has tremendous long-term growth potential.
Source Fool.com
Mercadolibre Inc Stock
€1,522.8
2.450%
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 17.68% compared to the current price of 1522.8 € for Mercadolibre Inc.
