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
€1,462.0
0.870%
With 43 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 2363 € shows a very positive potential of 61.63% compared to the current price of 1462.0 € for Mercadolibre Inc.
