1 Monster Growth Stock Up 1,500% in 10 Years Is Still a Top Buy in 2024, According to Select Wall Street Analysts
MELIMercadoLibre(MELI) The Motley Fool·2024-03-24 22:00

MercadoLibre (MELI 1.05%) is the largest e-commerce company in Latin America, a title that has drawn comparisons to Amazon. But the similarities run deeper. MercadoLibre may not have a cloud computing business, but it has developed an ecosystem of services that support its marketplace and create additional monetization opportunities.MercadoLibre's decision to follow the Amazon blueprint has paid off in spades for investors. The stock soared 1,500% over the last decade, compounding at an annual rate of 31%. ...