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
With 38 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 2427 € shows a positive potential of 44.96% compared to the current price of 1674.2 € for Mercadolibre Inc.
