MercadoLibre Stock and Ulta Beauty Stock Both Have More Than 20% Upside Ahead, According to Select Analysts on Wall Street
MELIMercadoLibre(MELI) The Motley Fool·2024-06-25 18:23

Analysts might be thinking about the next year, but these two companies are well positioned for the longer term as well. It might not sound like much, but 20% upside is a big deal. When Wall Street analysts set price targets for stocks, they're thinking about a roughly one-year time frame. For perspective, the S&P 500 goes up about 10% per year on average. If your 10,000investmentgrowsata1010,000 investment grows at a 10% compound annual growth rate (CAGR), you'll have over 16,000 in five years. But if your investment grows at a 2 ...