1 Unstoppable Growth Stock to Buy With $3,000
(NASDAQ: MELI), an e-commerce specialist based in Latin America, has been on fire this year, with the company's shares up by 35% since early January. That's despite the significant uncertainty and volatility stocks have experienced, which suggests that the market is impressed with MercadoLibre's financial results or prospects (or both). The market is right. MercadoLibre is firing on all cylinders and still boasts an excellent long-term outlook. The stock is not cheap -- shares are changing hands for just under $2,477 apiece. But for those who have that kind of money to invest, here is why putting it to work with MercadoLibre would be a brilliant move.
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Several companies tried to dominate the e-commerce market in South America, including Amazon. However, MercadoLibre reigns supreme. The company's position in this region grants it a significant advantage. MercadoLibre has a deep footprint across South America, allowing it to service consumers across borders. That sounds like a logistical nightmare, but MercadoLibre has figured it out. Eating into the company's market share won't be easy for newcomers.
Source Fool.com
Mercadolibre Inc Stock
With 45 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 2272 € shows a slightly positive potential of 9.07% compared to the current price of 2083.0 € for Mercadolibre Inc.
