Why MercadoLibre Stock Just Popped
(NASDAQ: MELI) stock gained 3% through 1:40 p.m. ET Thursday after investors received some positive news on the Amazon.com (NASDAQ: AMZN)-lookalike's market position.
This morning, ResearchAndMarkets.com (RAM) published a report confirming that "MercadoLibre maintains a leading position" in the Chilean e-commerce market.
Image source: Getty Images.
Source Fool.com
Mercadolibre Inc Stock
€1,455.8
0.040%
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 62.32% for Mercadolibre Inc compared to the current price of 1455.8 €.


