1 Potential Stock-Split Stock Up 5,950% Since Its IPO to Buy Before It Soars in 2025, According to Wall Street
Smart investors like stock splits not just because they reduce a company's share price, but also because they tend to spotlight good companies. That's because forward stock splits are only necessary after substantial and sustained share-price appreciation, which rarely happens to mediocre companies. One good example is (NASDAQ: MELI).
MercadoLibre's share price has soared 5,950% since its initial public offering (IPO) in August 2007, and Wall Street anticipates substantial gains in 2025. Among the 25 analysts following the company, the median 12-month target price is $2,339 per share. That implies 36% upside from its current share price of $1,725.
Whether or not MercadoLibre splits its stock matters very little. Investors should instead focus on the company's strength in e-commerce and digital advertising and the stock's attractive valuation. Here are the important details.
Source Fool.com
Mercadolibre Inc Stock
With 43 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 2268 € shows a slightly positive potential of 8.75% compared to the current price of 2085.5 € for Mercadolibre Inc.
