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Palantir Technologies emerged as the top-performing AI stock in 2024, soaring 350%, but investors are advised to consider the Invesco QQQ Trust for broader exposure to leading tech stocks. With a strong historical performance and a focus on influential AI companies, QQQ is positioned for continued growth in 2025 and beyond.
MercadoLibre, Inc. (NASDAQ:MELI) holds a "Moderate Buy" rating with an average target price of $2,267.67. Recent trading saw shares drop to $1,967.01, with a market cap of $99.73 billion. Analysts have varied price targets, with Wedbush setting a new objective of $2,200.00. Institutional investors own 87.62% of the stock, with notable changes in holdings during the third quarter. The company operates online commerce and fintech platforms, facilitating digital transactions for users.
MercadoLibre, Inc.
Companies
| Symbol | MELI |
| Name | MercadoLibre, Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Retailing |
| Industry | Internet & Direct Marketing Retail |
| Market | NASDAQ Global Select |
| Country | Argentina |
| State | |
| City | Buenos Aires |
| Zipcode | C1430EKG |
| Website | http://www.mercadolibre.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
MercadoLibre to expand workforce by 33 percent amid digital economy growth
Mexican Peso
United States Dollar
Brazilian Real
MercadoLibre, Inc.
URY
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investing in technology stocks why the invesco qqq is a top choice
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