Mercadolibre, Shopify and Alibaba Are Promising Stocks in the E-Commerce Business Sector

According to the last report of WHO, Dr. Mike Ryan, executive director said that it shouldn’t “be a surprise” to see an accelerated increasing of death ratio if the COVID-19 attempt to rise again. Many countries have announced a successful recovery with falling numbers of new coronavirus cases or even zero new cases. Taking under considerations and recommendation of WHO about the social distance many retail shops are closed or having lower number of costumers to avoid crowding. However, E-Commerce Business is taking the advantages of sell and deliver their products online. Mercadolibre, Shopify and Alibaba are an E-Commerce business companies and expected to grow in the long-term investment.         

Mercadolibre Inc, NASDAQ, : MELI, is one of the top online E-Commerce for the Latin American markets. MELI has been started in Argentina in 1999. The company is not only providing the purchases online, but also giving an option to sale the costumers` items. The revenue trailing twelve months (TTM) of MELI is $2.47 billion, with a market cap of $49.13 billion. MELI closed at $1,007.24 with a gain of $11.31 (+1.14%). The expectation of MELI in duration of 12-month investment: the lowest target is $630, a median estimate of $1063, and with a high price target of $1160. For the long-term investment of 5-year, MELI is expected to gain around 84.71% with a target at $1861.9.

Shopify Inc, NYSE: SHOP, is a Canadian multinational e-commerce company providing both online and retail store business. Shopify has been created by Daniel Weinand and Scott Lake in 2004. The market cap of Shopify is $121.351 billion with the revenue TTM of $1.73 billion. SHOP gain profit of $27.22 (+2.76%), closing at $1,013.99. Shopify Inc forecast with expectation for 12-month targets a median price of $750. The high price target for SHOP is $1127 and a lower estimate of $450.

Alibaba Group Holding Ltd – ADR, NYSE: BABA, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Alibaba Group Holding offers its products and services worldwide. Jack Ma has created Alibaba Group in 1999. The Gross Profit (TTM) of BABA is 227.34 billion with a market cap of $615.101 billion. Alibaba Group Holding Ltd, BABA closed at $236.51. The expected price for one-year investment of BABA has average target of $247.10. The high price target for BABA is $290 and a lower estimate - $197.70.