|Bid||967.01 x 800|
|Ask||995.00 x 800|
|Day's range||982.60 - 996.90|
|52-week range||422.22 - 998.11|
|Beta (5Y monthly)||1.68|
|PE ratio (TTM)||N/A|
|Earnings date||30 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||28 Dec 2017|
|1y target est||810.71|
Shares of MercadoLibre (NASDAQ: MELI) were climbing last month as the Latin American e-commerce operator continued to benefit from pandemic-related tailwinds. MercadoLibre kicked off the month on a strong note as BTIG raised its price target on the stock from $775 to $980 on June 1. Analyst Marvin Fong said that e-commerce adoption in Brazil, MercadoLibre's biggest market, had accelerated by four to five years because e-commerce's share of overall retail sales had climbed from 6% at the beginning of the year to 11% to 12% in April.
Does MercadoLibre (MELI) have what it takes to be a top stock pick for momentum investors? Let's find out.
As an investor starting out, it's hard to differentiate good investments from the great ones. But as investors gain more experience, it becomes easier to recognize the gems. Finding great stocks is only a part of creating long-term wealth, however.
Shares in Mercadolibre Inc (NSQ:MELI) are currently trading close to a 52 week high, with the share price up by around 3.40% to 896.43 over the past week. On a...
The Nasdaq 100 index hit an all-time high in intraday trading on June 4, becoming the first major U.S. index to reach record highs after coronavirus plunge.
It's been almost 25 years since Amazon sold its first book online, and even as many have come to depend on online retailers, e-commerce still only represents 14% of retail purchases globally. In order to capitalize on this growing trend, let's look outside the U.S. to three regional specialists -- JD.Com Inc (NASDAQ: JD) in China, MercadoLibre (NASDAQ: MELI) in Latin America, and Sea Limited (NYSE: SE) in Southeast Asia -- and see why investors are excited about this international trio.
We've come a long way since Amazon.com sold its first book over the internet almost 26 years ago. Today, you can order just about anything online, from an expensive flat panel television to a lump of coal (yes really, I've done it).
If you're like me, you missed the more than 1,500% run in MercadoLibre (NASDAQ: MELI) stock over the last decade. While there have been plenty of other investments that have provided massive upside, Latin America's e-commerce and digital payments leader has been an especially big winner as the digital age sweeps across the globe. As much as it's grown, though, MercadoLibre's current market capitalization values it at just shy of $41 billion -- a large business to be sure but not so large that it's run out of stock market-beating potential.
Even after climbing more than 40% so far this year, MercadoLibre's (NASDAQ: MELI) shares will continue to reward investors in the months ahead. So says J.P. Morgan analyst Marcelo Santos. On Wednesday, Santos reiterated an "overweight" rating on MercadoLibre's stock and raised his target price from $800 to $1,000.
At first glance, MercadoLibre (NASDAQ: MELI) and Amazon (NASDAQ: AMZN) may not appear comparable. MercadoLibre is an Argentina-based e-commerce and software company with a market cap under $39 billion. Amazon is a retail and tech conglomerate.
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