Where Will MercadoLibre Stock Be in 5 Years?
Historically, (NASDAQ: MELI) has been a hot performer. It minted plenty of millionaires between its initial public offering at just $18 per share in 2007 and its all-time high of almost $2,614 reached last year.
That said, the Latin American e-commerce giant has started to lag as concerns about weakening margins start to overshadow its healthy top-line growth. Let's dig deeper into the pros and cons of MercadoLibre stock to determine what the next five years might have in store.
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Source Fool.com
Mercadolibre Inc Stock
€1,453.2
-0.340%
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
With a target price of 2329 € there is a hugely positive potential of 60.27% for Mercadolibre Inc compared to the current price of 1453.2 €.
