Is It Too Late to Buy MercadoLibre Stock?
(NASDAQ: MELI) stock has tripled over the past five years. The Latin American e-commerce and fintech leader impressed investors with its rapid sales growth, expanding margins, and soaring profits. It gained more shoppers throughout the pandemic and kept growing even as inflation rattled its core markets.
But is it too late to buy MercadoLibre stock today? Let's take a fresh look at its business to decide.
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Source Fool.com
Mercadolibre Inc Stock
€1,545.0
1.820%
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 15.99% compared to the current price of 1545.0 € for Mercadolibre Inc.
