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MercadoLibre (MELI-Q)
NASDAQ:MELI
2,040.50
7.49
(0.37%) 1d
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Top 10 Tech Stocks To Watch in 2021This summary was created by AI, based on 2 opinions in the last 12 months.
MercadoLibre, the Latin American e-commerce company, is showing positive signs with growing cash reserves, aggressive debt reduction, and increasing revenues and operating income. The company is often compared to the popular Amazon and has garnered significant interest from original investors. Analysts recommend setting a stop-loss at $1300 with an upside potential of 18%. Overall, MercadoLibre seems to be on a strong growth trajectory with favorable financial indicators and positive market sentiment.
$2046.845
Unknown
We again reiterate this Latin American e-commerce company as a TOP PICK. Its investment in Brazil is growing over $4 billion this year and the company intends to hire 11,000 new workers there to keep up with demand. Recently reported earnings showed a 71% increase in profits. Cash reserves are growing, while debt is aggressively retired and shares bought back. We recommend trailing up the stop (from $1300) to $1450, looking to achieve $2000 -- upside potential of 25%. Yield 0%
(Analysts’ price target is $2007.59)We reiterate this e-commerce company, based in Buenos Aires, provider of online retail services in Latin America. It has 85 million unique customers using its services. We like that cash reserves are growing, while debt is aggressively retired and shares are bought back. We continue to recommend a stop at $1300, looking to achieve $1920 — upside potential of 30%. Yield 0%
(Analysts’ price target is $1921.38)This e-commerce company, based in Buenos Aires, provides online retail services in Latin America. We like that cash reserves are growing, while debt is aggressively retired and shares are bought back. Recently reported revenues were up 40% and operating income increased over 130%. We recommend setting a stop-loss at $1300, looking to achieve $1820 — upside potential of 18%. Yield 0%
(Analysts’ price target is $1818.97)He was an original investor. It is the Latin American version of Amazon.
Purchased it recently in one of his funds. It is the latin-american version of Amazon. Their operations focus in Brazil, Argentina and Mexico. E-commerce will continue to grow, and it is a good way to get exposure in an area that is not typically on investor's radar. It is expensive, but it may always be expensive.
Stockchase Research Editor: Michael O'Reilly A similar e-commerce opportunity like SHOP is to North America, MELI is to Latin America. The company uses its platform to help businesses sell their items online and also has a fintech side of their business to help manage cash payments. The company reported strong Q1 earnings with sales growth over 30% for the past five years and the trend is catching on in the region. The company reports earnings this week, so there could be some opportune volatility. We would look to a pullback towards $1000 as an excellent entry point with an eye to re-test highs near $1200 or towards $1400.
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MercadoLibre(MELI-Q) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
MercadoLibre(MELI-Q) Frequently Asked Questions
What is MercadoLibre stock symbol?
MercadoLibre is a American stock, trading under the symbol MELI-Q on the NASDAQ (MELI). It is usually referred to as NASDAQ:MELI or MELI-Q
Is MercadoLibre a buy or a sell?
In the last year, 3 stock analysts published opinions about MELI-Q. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for MercadoLibre.
Is MercadoLibre a good investment or a top pick?
MercadoLibre was recommended as a Top Pick by on . Read the latest stock experts ratings for MercadoLibre.
Why is MercadoLibre stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is MercadoLibre worth watching?
3 stock analysts on Stockchase covered MercadoLibre In the last year. It is a trending stock that is worth watching.
What is MercadoLibre stock price?
On 2024-10-10, MercadoLibre (MELI-Q) stock closed at a price of $2040.5.
Our PAST TOP PICK with MELI has achieved its target at $2000. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $1550) to $1625.