Looking for a No-Brainer Growth Stock? Look Here
Unless you're retired and need to invest very conservatively, most investors want to have at least a few top growth stocks in their portfolios. There are no guarantees in the market, which is why diversification is so important. However, there are a few rare stocks that look like no-brainers. They're demonstrating incredible growth, are already profitable, and have strong growth drivers.
(NASDAQ: MELI) fits that framework, and there are several reasons the investing thesis looks so compelling right now.
Global e-commerce keeps growing as a percentage of global retail sales, but it's not the same everywhere. Consider the countries with the fastest e-commerce growth.
Source Fool.com
Mercadolibre Inc Stock
€1,531.0
5.330%
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 17.05% compared to the current price of 1531.0 € for Mercadolibre Inc.
