My Take: 4 Strong Growth Stocks to Buy This Week
Despite their early increases in share price year to date, MercadoLibre (NASDAQ: MELI), Ulta Beauty (NASDAQ: ULTA), Pool Corp. (NASDAQ: POOL), and Coupang (NYSE: CPNG) are four of my favorite stocks to add to currently. Offering rejuvenated momentum and reasonable valuations considering their impressive track records of growth, these businesses are set to dominate their niche markets for decades.
Here is what makes these four companies my favorite strong growth stocks to buy this week.
After reporting its third consecutive all-time high for quarterly net income in the first quarter of 2023, Latin American e-commerce and fintech behemoth MercadoLibre has continued its ascent.
Source Fool.com
Mercadolibre Inc Stock
€1,536.2
-0.880%
The stock is an absolute favorite of our community with 24 Buy predictions and no Sell predictions.
With a target price of 1792 € there is a slightly positive potential of 16.65% for Mercadolibre Inc compared to the current price of 1536.2 €.
