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MercadoLibre Is Soaring—Should You Wait for a Better Entry?

MercadoLibre NASDAQ: MELI, an e-commerce giant operating out of Latin America, has quietly evolved into one of the fastest-growing and most dominant companies on the global stage. Though it may not yet be a household name in the U.S., the company’s growth trajectory is impossible to ignore. MercadoLibre TodayMELIMercadoLibre2,507.8398.18 (3.772,507.83 -98.18 (-3.77%) 52-Week Range1,550.00▼2,635.88P/ERatio66.52PriceTarget2,635.88P/E Ratio66.52Price Target2,572.86Add to WatchlistEarlier this month, MELI broke into the top 50 most valuable global brands, ...