A Bull Market Is Coming: 1 Monster Growth Stock That Could Be the "Next Amazon" to Buy Now
The Latin American economy stumbled in 2023, but World Bank economists expect growth to accelerate in 2024 and 2025 as inflation moderates and interest rates fall. That should be a catalyst to business and consumer spending across the region, and few companies are better positioned to benefit than (NASDAQ: MELI).
Another favorable tailwind is also taking shape. The S 500 (SNPINDEX: ^GSPC) has rebounded from its bear market lows and recently rallied to a new record high. Some investors believe the index has already entered a bull market.
The S 500 returned an average of 169% during the last dozen bull markets, and many stocks will move much higher during the next one. That could certainly be a tailwind for MercadoLibre.
Source Fool.com
Mercadolibre Inc Stock
€1,522.8
2.450%
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 17.68% for Mercadolibre Inc compared to the current price of 1522.8 €.
