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Why MercadoLibre Stock Just Popped

TheMotleyFool 
0 0 22.01.26
Why MercadoLibre Stock Just PoppedPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

(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.

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Source Fool.com

Mercadolibre Inc Stock

€1,566.4
-1.400%
A loss of -1.400% shows a downward development for Mercadolibre Inc.
The stock is an absolute favorite of our community with 36 Buy predictions and no Sell predictions.
With a target price of 2294 € there is a positive potential of 46.45% for Mercadolibre Inc compared to the current price of 1566.4 €.
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