Why MercadoLibre Stock Just Popped
(NASDAQ: MELI) stock gained 3% through 1:40 p.m. ET Thursday after investors received some positive news on the Amazon.com (NASDAQ: AMZN)-lookalike's market position.
This morning, ResearchAndMarkets.com (RAM) published a report confirming that "MercadoLibre maintains a leading position" in the Chilean e-commerce market.
Image source: Getty Images.
Source Fool.com
Mercadolibre Inc Stock
€1,679.0
0.680%
With 40 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 2419 € shows a positive potential of 44.07% compared to the current price of 1679.0 € for Mercadolibre Inc.
