1 E-Commerce Stock That Has Created Millionaires and Is Poised to Make More
The e-commerce industry is adept at producing millionaire-maker stocks. Amazon climbed over 500-fold from the depths of the dot-com bust in the early 2000s, and many legacy brick-and-mortar retailers drove significant returns by integrating e-commerce with in-store retailing.
However, one top e-commerce company that may receive less attention is MercadoLibre (NASDAQ: MELI). The Latin American conglomerate does not operate in the U.S., so American investors can easily overlook it. Still, with its e-commerce success and its ability to build successful businesses tied to e-commerce, investors should expect it to continue minting millionaires.
As mentioned, MercadoLibre operates in Latin America, a region that periodically deals with political turmoil, rampant inflation, and regulatory schemes that often have confusing and complicated rules.
Source Fool.com
Mercadolibre Inc Stock
The stock is an absolute favorite of our community with 21 Buy predictions and no Sell predictions.
With a target price of 1742 € there is a slightly positive potential of 10.24% for Mercadolibre Inc compared to the current price of 1580.2 €.
