Could MercadoLibre Be the Next Amazon?
MercadoLibre (NASDAQ: MELI) and Amazon (NASDAQ: AMZN) are two of the best-performing stocks of the last decade.
Both have benefited from strong tailwinds in e-commerce to dominate their respective geographies. For MercadoLibre that's Latin America, and for Amazon its North America and Europe. The chart below shows how the two stocks have performed over the last decade.
Source Fool.com
Mercadolibre Inc Stock
€1,865.8
2.530%
The stock is an absolute favorite of our community with 29 Buy predictions and no Sell predictions.
On the other hand, the target price of 1853 € is below the current price of 1865.8 € for Mercadolibre Inc, so the potential is actually -0.69%.
