MercadoLibre Stock and Ulta Beauty Stock Both Have More Than 20% Upside Ahead, According to Select Analysts on Wall Street
It might not sound like much, but 20% upside is a big deal. When Wall Street analysts set price targets for stocks, they're thinking about a roughly one-year time frame. For perspective, the S 500 goes up about 10% per year on average.
If your $10,000 investment grows at a 10% compound annual growth rate (CAGR), you'll have over $16,000 in five years. But if your investment grows at a 20% rate, you'll have nearly $25,000 -- that's a huge difference.
And on that note, Latin America's (NASDAQ: MELI) and cosmetics chain Ulta Beauty (NASDAQ: ULTA) are two stocks with greater than 20% upside ahead, according to select Wall Street analysts. Here's what investors should know.
Source Fool.com
Mercadolibre Inc Stock
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 1792 € there is a slightly positive potential of 15.02% for Mercadolibre Inc compared to the current price of 1558.0 €.