Top analyst: Buy this e-commerce play

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Editor's note: TipRanks is a tech company that ranks analysts and financial bloggers based on the performance of their picks. The goal of this piece is to highlight an analyst who has a great track record, rather than the ones from the biggest firms.

One of Wall Street's best analysts says investors should buy MercadoLibre, a leading international e-commerce marketplace company.

Gene Munster of PiperJaffray has a 16.3 percent one-year average return in his stock recommendations. He is ranked in the top 1 percent of all Wall Street analysts for his stock picking acumen, according to TipRanks.

Here is why the top analyst is bullish on the stock.

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