Here's How Much $100 Invested In MercadoLibre 15 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 15 years, MercadoLibre (NASDAQ:MELI) has significantly outperformed the market, with an average annual return of 33.64%, turning a $100 investment into $7,729.82 today. The company's market capitalization currently stands at $77.06 billion.
March 28, 2024 | 5:00 pm
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POSITIVE IMPACT
MercadoLibre's stock has shown remarkable growth over the past 15 years, with a $100 investment growing to $7,729.82, reflecting an average annual return of 33.64%.
The significant growth in the value of MercadoLibre's stock over the past 15 years, as highlighted by the increase in investment value from $100 to $7,729.82, indicates a strong and consistent performance. This historical performance, coupled with a substantial market capitalization of $77.06 billion, suggests a positive outlook for the stock in the short term, assuming the company continues to maintain its growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100