Is It Too Late to Buy MercadoLibre Stock?
(NASDAQ: MELI) stock took several years to reach new highs after dropping over 50% once the air let out of the 2020-2021 stock market bubble, inflated by zero-percent interest rates as part of the COVID-19 pandemic response.
But since hitting new highs late last year, it's been off to the races. Shares of the Latin American e-commerce giant have surged 50% since January.
You might be wondering whether this is a new chapter for a stock that has returned nearly 9,000% since 2007, or if MercadoLibre is currently in another bubble getting ready to burst.
Source Fool.com
Mercadolibre Inc Stock
€2,130.0
0.470%
With 44 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 2268 € shows a slightly positive potential of 6.48% compared to the current price of 2130.0 € for Mercadolibre Inc.
