Should Investors Buy MercadoLibre Stock Right Now?

(NASDAQ: MELI) is putting together an excellent streak of results even through the economic reopening. Fool.com contributor and finance professor Parkev Tatevosian updates his recommendation on MercadoLibre stock.

*Stock prices used were the afternoon prices of May 5, 2023. The video was published on May 7, 2023.

Source Fool.com

Mercadolibre Inc Stock

The Mercadolibre Inc stock is trending slightly upwards today, with an increase of €4.20 (0.310%) compared to yesterday's price.
With 20 Buy predictions and not the single Sell prediction the community is currently very high on Mercadolibre Inc.
As a result the target price of 1746 € shows a positive potential of 29.72% compared to the current price of 1346.0 € for Mercadolibre Inc.

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