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Top 10 Tech Stocks To Watch in 2021This summary was created by AI, based on 8 opinions in the last 12 months.
MercadoLibre (MELI-Q) is recognized as a leading e-commerce platform in Latin America, often likened to Amazon, with a significant market presence. Analysts have highlighted its impressive financial performance, reflecting a 71% increase in profits and soaring revenues, which are up 40%. The company's aggressive efforts to retire debt and enhance cash reserves, alongside plans to expand operations in Brazil, including hiring 11,000 new workers, are notable positive indicators. Despite recent market fluctuations and concerns regarding U.S. tariffs, the overall sentiment remains optimistic, with price targets ranging from approximately $1818.97 to $2007.59. A series of recommendations suggest prudent trailing stop placements, emphasizing disciplined investment strategies. Overall, the market view on MELI appears cautiously optimistic with potential for strong upside.
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.
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
In the last year, 5 stock analysts published opinions about MELI-Q. 5 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.
MercadoLibre was recommended as a Top Pick by on . Read the latest stock experts ratings for MercadoLibre.
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.
5 stock analysts on Stockchase covered MercadoLibre In the last year. It is a trending stock that is worth watching.
On 2025-03-18, MercadoLibre (MELI-Q) stock closed at a price of $2014.09.
It's the Amazon of South America. The recent downturn is due to profit-taking, but also fears of US tariffs against Latin America. However, this gives you exposure to Latin America.