My Smartest Growth Stock to Buy Today
(NASDAQ: MELI), the largest e-commerce company in Latin America, has been an amazing growth stock. A $1,000 investment in its shares two decades ago would be worth $89,400 today. That same investment in the S 500 would only have grown to $4,250.
Some investors might be hesitant to chase MercadoLibre as it hovers near its all-time highs, but I think it's still one of the smartest growth stocks to buy today.
MercadoLibre was founded in 1999. As Latin America's income levels and internet penetration rates rose, it established a first mover's advantage in the region's nascent e-commerce market. It spent its early years striking partnerships with regional logistics partners, expanding its reach across areas with challenging terrain and underdeveloped infrastructure, localizing its marketplace with different currencies and languages, and tackling local regulatory issues.
Source Fool.com
Mercadolibre Inc Stock
The stock is an absolute favorite of our community with 46 Buy predictions and no Sell predictions.
With a target price of 2287 € there is a slightly positive potential of 14.04% for Mercadolibre Inc compared to the current price of 2005.5 €.
