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up 157.99 %

MERCADOLIBRE INC (MELI) rated Buy with price target $70 by AmTech Research

Posted on: Wednesday,  Sep 17, 2008  1:25 PM ET by AmTech Research

AmTech Research rated Buy MERCADOLIBRE INC (NASDAQ: MELI) on 09/17/2008. Previously AmTech Research rated Buy MERCADOLIBRE INC (NASDAQ: MELI) on 01/29/2008.,
when the stock price was $43.40. Since then, MERCADOLIBRE INC has gained 158.00% as of 01/04/2016's recent price of $111.97.
If you would have followed the previous AmTech Research's recommendation on MELI, you would have gained 157.99% of your investment in 2897 days.

MercadoLibre, Inc. hosts an online platform in Latin America, called MercadoLibre and located at The Company has e-commerce operations in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela. In addition, it also operates online trading platforms in Costa Rica, the Dominican Republic and Panama. MercadoLibre has two principal services: The MercadoLibre marketplace and The MercadoPago online payments solution. The MercadoLibre marketplace is a fully automated, topically arranged online trading service. The MercadoPago online payments solution is an integrated online payments solution. During the year ended December 31, 2008, visitors to its Website were able to browse an average of over 2.5 million total listings on any given day in over 2,000 different product categories. At December 31, 2008, the Company had over 33.7 million confirmed registered MercadoLibre users.

Our focus is to generate profitable ideas through pure fundamental research. Our performance will be measured on the success of our recommendations at making money and saving money for our clients. Our objective is to be helpful during the investment process.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/17/2008 1:25 PM Buy
24.19 70.00
as of 12/24/2008
1 Week up  5.76 %
1 Month up  43.82 %
3 Months up  92.22 %
1 YTD up  47.59 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/29/2008 10:25 AM Buy
43.40 100.00

(*) Stock Price at the time of the recommendation.
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