Missed Out on Amazon? Buy MercadoLibre Stock Instead
Many investors lament missing out on Amazon. Few predicted it would evolve from an online bookseller into a retail behemoth. Nobody could have predicted that it would pioneer a cloud computing business.
The list of those with regrets includes Warren Buffett, who said he was "too dumb" to invest before buying shares in 2019. This shows that missed opportunities are also a problem for the most seasoned investors.
Fortunately for investors, Amazon is not the only e-commerce conglomerate, and others have emerged outside of North America. Given its successes, a second-chance e-commerce stock has emerged in Latin America with MercadoLibre (NASDAQ: MELI).
Source Fool.com
Mercadolibre Inc Stock
€1,531.0
5.330%
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 17.05% for Mercadolibre Inc compared to the current price of 1531.0 €.
