These Top-Performing Nasdaq Stocks Are Still Cheap
The stock market has had a shaky start to the year. The tech-centric Nasdaq Composite (NASDAQINDEX: ^IXIC) is down 7% year to date at the time of this writing. Highly valued growth stocks have been hit the hardest, which is typical when market volatility ramps up, but there are reasonably priced stocks holding up quite well.
Shares of (NASDAQ: MELI) and PDD Holdings (NASDAQ: PDD) are up 22% and 26%, respectively, this year. Based on their business momentum and relatively low valuations, these stocks could have room to run.
MercadoLibre is a powerhouse e-commerce and fintech company in Latin America. This is one of the fastest-growing e-commerce markets globally, which has fueled MercadoLibre's stock up 1,600% over the last 10 years.
Source Fool.com
Mercadolibre Inc Stock
The stock is an absolute favorite of our community with 43 Buy predictions and no Sell predictions.
With a target price of 2363 € there is a hugely positive potential of 66.97% for Mercadolibre Inc compared to the current price of 1415.2 €.
