Why MercadoLibre Stock Gained 10% in February
Shares of (NASDAQ: MELI) stock gained 10% in February, according to data provided by S&P Global Market Intelligence. It released a fantastic earnings report, assuaging fears about economic volatility in its operating region and inspiring investor confidence in its short- and long-term potential.
MercadoLibre runs an e-commerce platform in 18 Latin American countries. It's the leading company of its kind in the region, giving it a first-mover's edge and a lot of leverage. It's using those advantages well, turning its company from a pure-play e-commerce giant into a huge, expanded enterprise with a slew of financial services and other segments.
MercadoLibre has reported high growth for a long time, and there's no sign of letting up. And while it's sacrificed some profits for the sake of growth at other times, the fourth quarter was uniformly phenomenal across metrics.
Source Fool.com
Mercadolibre Inc Stock
With 41 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 2435 € shows a positive potential of 44.29% compared to the current price of 1687.6 € for Mercadolibre Inc.
