#3 - MercadoLibre (NASDAQ:MELI)
If you’re willing to look outside the United States and a high price per share doesn’t bother you, MercadoLibre Inc. (NASDAQ: MELI) is a solid choice. The company is known as “the Amazon of Latin America.” The company operates the largest e-commerce platform in Latin America. It also has a fintech platform that includes a credit card business.
In 2024, MELI stock cracked the psychologically significant $2,000 per share mark before pulling back to end the year. This has kept analysts suggesting that the company may conduct a stock split. MercadoLibre has never split its stock, but it may do so if it feels it needs to make its share price more accessible.
However, MELI stock has delivered a total return of over 74% in the last three years. And analysts are forecasting 32% earnings growth, which should provide plenty of fuel for the stock to move higher.
About MercadoLibre
MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.
Read More - Current Price
- $1,810.39
- Consensus Rating
- Buy
- Ratings Breakdown
- 15 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $2,241.00 (23.8% Upside)
