Could This Bull Market Buy Help You Become a Millionaire?
One company that deserves more investor attention is Latin American conglomerate MercadoLibre (NASDAQ: MELI), whose growth has been largely unseen by U.S. investors. Founder Marcos Galperin launched this company while still an MBA student at Stanford, but it does not operate in the U.S. and receives relatively little American press coverage.
A $10,000 investment on its 2007 IPO day would be worth almost $560,000 today, and such growth could make new investors wonder whether a small investment in the company could make a new shareholder a millionaire.
Investors who bought $10,000 in MercadoLibre stock on the IPO day are likely to eventually hold a position worth more than $1 million. At this point, the stock would only need to increase a little less than 80% from current levels and those shareholders would achieve such a milestone. Since the market cap is $81 billion, an 80% increase in the market cap would take it to $145 billion, leaving it a large-cap stock below megacap status.
Source Fool.com
Mercadolibre Inc Stock
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.
