In the closing of the recent trading day, MercadoLibre (MELI) stood at $1,585.03, denoting a +0.74% change from the preceding trading day.
Based on the average brokerage recommendation (ABR), MercadoLibre (MELI) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
This e-commerce giant has been taking pages out of Amazon’s book and generating explosive growth that could propel it to similar heights in the long run. The post Could buying this growth stock be like investing in Amazon in 2011? appeared first on The Motley Fool UK.