2 Reasons MercadoLibre Is the Stock to Watch Now
(NASDAQ: MELI) is among the best-performing e-commerce stocks in the last five years. With a 275% return, the Latin American company has beaten some of the behemoths of this sector -- including Amazon and Shopify -- in delivering returns to investors during this period.
This rising star delivered remarkable growth during the pandemic and even sustained that performance in recent quarters. Let's delve into two reasons MercadoLibre should still be on investors' radar now.
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Source Fool.com
Mercadolibre Inc Stock
€2,204.5
-4.430%
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
With a target price of 2268 € there is a slightly positive potential of 2.88% for Mercadolibre Inc compared to the current price of 2204.5 €.
