What to Know Before Buying MercadoLibre Stock
(NASDAQ: MELI) stock has been a top performer for years, beating the market in almost any time period. However, the company's not so well-known in the U.S., since it operates in Latin America. If you've been considering investing in this powerhouse e-commerce giant, here's what you need to know.
MercadoLibre operates an e-commerce marketplace headquartered in Uruguay and serving 18 Latin American countries, including Argentina, where it got its start. It's similar to Amazon, and it has its own membership program called Meli+. It also has its own logistics network that gets deliveries to customers quickly. Same or next-day deliveries increased 28% year over year in the third quarter, although the total isn't as high as it has been in the past. That's because Meli+ members get to choose a delivery day that could be more convenient than next-day shipping.
Image source: Getty Images.
Source Fool.com
Mercadolibre Inc Stock
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
With a target price of 2435 € there is a positive potential of 44.0% for Mercadolibre Inc compared to the current price of 1691.0 €.
