13 Best Aggressive Growth Stocks to Buy Now

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3. MercadoLibre, Inc. (NASDAQ:MELI)

Year-Over-Year Revenue Growth: 37.53%

Number of Hedge Fund Holders: 96

MercadoLibre, Inc. (NASDAQ:MELI) is the leading technology company in Latin America for e-commerce and financial technology solutions. The company offers a wide variety of services including an online marketplace, financial services, logistics services, advertising solutions, and merchant acquiring. It has operations in 18 countries. MercadoLibre, Inc. (NASDAQ:MELI) ranks among the best aggressive growth stocks to buy now.

The company is focused on investing in growing its business and reaching more customers to maintain its leadership in Latin American markets and growing the digital economy in these markets. On April 7, Bloomberg reported that MercadoLibre, Inc. (NASDAQ:MELI) plans to increase its investment in Brazil by 48% to invest approximately $5.8 billion in 2025, citing an emailed statement from the company. This investment will focus on enhancing the company’s logistics, technology, marketing, and financial capabilities and allow the company to increase its staff in Brazil by 14,000 to reach a total of 50,000 employees. MercadoLibre, Inc. (NASDAQ:MELI) had also previously announced plans to invest about $3.4 billion in Mexico, which is its second-largest market after Brazil.

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