5 Undervalued Cyclical Stocks To Buy Now

4. MercadoLibre, Inc. (NASDAQ:MELI)

Latest Share Price Upside: 32%

Analyst Average Share Price Target: $1,632

MercadoLibre, Inc. (NASDAQ:MELI) is a Uruguayan internet retail company that enables businesses to sell their products online. Its shares are rated Strong Buy on average and the stock has gained 49% year to date.

By the end of this year’s second quarter, 77 out of the 910 hedge funds profiled by Insider Monkey had invested in the firm. MercadoLibre, Inc. (NASDAQ:MELI)’s largest stakeholder is David Blood and Al Gore’s Generation Investment Management since it owns 580,023 shares that are worth $687 million.

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