Could This Bull Market Buy Help You Become a Millionaire?
Shares of Latin America-based e-commerce and fintech company (NASDAQ: MELI) are almost done making an impressive round trip. The stock had plummeted nearly 75% from its 2021 highs but has come within striking distance of a full recovery just three years later.
But a business lies beneath the stock that's wildly different now than back then. Investors may not realize how much upside there is for MercadoLibre. It took a new bull market to reinvigorate the share price, but the stock could just be getting started.
Here's why MercadoLibre is a bull market buy that could help you become a stock market millionaire over the long term.
Source Fool.com
Mercadolibre Inc Stock
€1,791.4
-0.580%
With 29 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 1848 € shows a slightly positive potential of 3.16% compared to the current price of 1791.4 € for Mercadolibre Inc.
