Forget Amazon: This E-Commerce Stock Has More Runway Ahead
There's no denying Amazon (NASDAQ: AMZN) is one of the market's best stocks of all time. Shares have gained an incredible 119,778% since their 1997 initial public offering, in step with the e-commerce giant's business growth.
There's also no denying the company's highest-growth days and the stock's biggest gains are now in the rearview mirror. Amazon's sheer size makes for ever-tougher comparisons.
Unfortunately, you can't go back in time to place a bigger bet on Amazon. However, you could step into a stake in a company that's currently where Amazon was about 10 to 15 years ago. (NASDAQ: MELI) has much more growth runway ahead of it than Amazon itself does.
Source Fool.com
Mercadolibre Inc Stock
€1,685.0
3.880%
With 25 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 1825 € shows a slightly positive potential of 8.31% compared to the current price of 1685.0 € for Mercadolibre Inc.
