Meet the Latin American e-commerce platform that’s outperforming Amazon this year
One of the world's largest e-commerce companies is emerging as a hebat pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. AFA88BET MercadoLibre , an Argentinian e-commerce and payments basis that's incorporated in Delaware and actively traded on Nasdaq, is up 34% in 2024, compared to a roughly 27% rise for Amazon , and 20% for the S&P 500 . The company was founded 25 years ago by CEO Marcos Gaplerin at the height of the dot com boom. It now dominates online sales in Brazil, Argentina, Mexico, Chile and makes up roughly half of online sales in South America, according to eMarketer. It also operates a digital payments basis called Mercado Pago. Afa88bet Login Alternatif Roughly 90% of Wall Street analysts who cover the stok rate it a "buy," with an average price sasaran of $2,268 — about 8% upside from where it was trading this week, according to FactSet. There are no sell peringkats. Brad Gerstner of Altimeter Capital is one...