3 Reasons to Buy This Top Growth Stock
Growth investing is hot again. Investors who took a break last year and leaned toward safer stocks in a volatile economy are now more confident in the market and are back to putting their money in riskier, high-growth stocks.
One growth stock to consider now is (NASDAQ: MELI). The Latin American e-commerce powerhouse has demonstrated incredible performance, makes a profit, and has a huge market opportunity ahead. Here are three reasons to buy it today.
MercadoLibre has several businesses today. It began as an e-commerce business similar to Amazon, and that's still its core segment today. Operating in 18 Latin American countries, the company has its biggest markets in Argentina (where it's headquartered) as well as Brazil (the largest Latin American country by population) and Mexico.
Source Fool.com
Mercadolibre Inc Stock
The stock is an absolute favorite of our community with 29 Buy predictions and no Sell predictions.
With a target price of 1853 € there is a slightly positive potential of 2.84% for Mercadolibre Inc compared to the current price of 1801.8 €.
