3 Reasons MercadoLibre Stock Could Hit $5,000 by 2030
As the market continues its broad sell-off of growth stocks, it is more important than ever for growth investors to keep our long-term focus in mind -- and to continue adding to our positions in recently discounted companies as we go. Periods like these, when investors can pick up shares of great companies at lower valuations, ultimately may be the ones that drive our portfolio's outperformance in the long run.
One company that I am looking forward to increasing my stake in is MercadoLibre (NASDAQ: MELI). Here are three simple reasons I believe it could quintuple in value by 2030.
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Source Fool.com
