MELI - This Growth Stock Could 10x in 17 Years
2023-08-01 07:30:00 ET
Finding a stock that rises 10-fold in value within a short time frame requires luck even for experienced investors. But if you buy a stock that compounds in value by 15% per year, the value of your investment will grow by just over 10-fold within 17 years. And finding investments with that potential is possible if you know what to look for.
You want to invest in companies with annual revenue growth of more than 15%. It also helps to invest in companies that serve growing industries.
A promising candidate that fits that description is MercadoLibre (NASDAQ: MELI) -- operator of the largest online marketplace and payments platform in Latin America. The stock rose nearly 10-fold over the last decade, and there are a few reasons it could rise another 10-fold within the next couple of decades.
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This Growth Stock Could 10x in 17 Years