Why MercadoLibre Stock Rocketed Higher on Thursday
Shares of (NASDAQ: MELI) charged sharply higher on Thursday, gaining as much as 10.6%. As of 2:32 p.m. ET, the stock was still up 6.7%.
The catalyst that sent the online retail and fintech specialist higher was its quarterly financial report, which far exceeded expectations.
Image source: Getty Images.
Source Fool.com
Mercadolibre Inc Stock
€1,549.2
-2.310%
With 42 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 52.53% compared to the current price of 1549.2 € for Mercadolibre Inc.
