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Is It Too Late to Buy MercadoLibre Stock?

TheMotleyFool 
1 0 03.07.24
Is It Too Late to Buy MercadoLibre Stock?: https://g.foolcdn.com/editorial/images/782190/e-commerce.jpg
 

The stock market has been on a tear for most of the past two years, rising over 40%. Latin American e-commerce company (NASDAQ: MELI) has done even better. The stock has soared over 140%. This isn't anything new; MercadoLibre has run circles around the market for years and has returned over 5,600% since its IPO in 2007.

Buying such a hot stock can feel wrong, like chasing after a boat that has already set sail. But taking a peek at MercadoLibre's short- and long-term opportunities should calm those fears. Here's why MercadoLibre still has room to run and can continue beating the market for years.

Recognizing MercadoLibre's investment potential requires understanding the primary industries in which it competes. MercadoLibre offers e-commerce and financial services in Latin America. The combined population where the company operates is over 500 million, though the broader region's population exceeds 650 million.

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Source Fool.com

Mercadolibre Inc Stock

€1,882.6
-0.650%
The price for the Mercadolibre Inc stock decreased slightly today. Compared to yesterday there is a change of -€12.200 (-0.650%).
With 32 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 1956 € shows a slightly positive potential of 3.9% compared to the current price of 1882.6 € for Mercadolibre Inc.
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It is not necessarily too late to buy MercadoLibre stock, but investors should weigh both the risks and opportunities. MercadoLibre has been performing well, with its stock price reaching new highs in 2024, driven by strong growth in its e-commerce friday Night funkin and fintech segments. The company saw a 41.5% revenue increase year-over-year, and its fintech arm, Mercado Pago, posted significant growth, further solidifying its leadership position in Latin America.


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fovod44169 
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19.09.24
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