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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.
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, 1 stock analyst published opinions about MELI-Q. 1 analyst 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.
1 stock analyst on Stockchase covered MercadoLibre In the last year. It is a trending stock that is worth watching.
On 2024-05-10, MercadoLibre (MELI-Q) stock closed at a price of $1695.02.
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)