Is It Too Late to Buy MercadoLibre Stock?
MercadoLibre (NASDAQ: MELI) posted its third-quarter report on Nov. 1. The Latin American e-commerce leader's revenue rose 40% year over year (69% on a constant currency basis) to $3.76 billion and exceeded analysts' estimates by $250 million. Its EPS surged 179% to $7.18 and cleared the consensus forecast by $1.35.
MercadoLibre's stock popped after that massive earnings beat, but is it too late to buy its stock after its year-to-date rally of more than 50%? Let's review its growth rates, longer-term catalysts, and valuations to decide.
Image source: Getty Images.
Source Fool.com
Mercadolibre Inc Aktie
1.786,6 €
-0,22 %
Die Mercadolibre Inc Aktie ist ein klarer Community-Favorit: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Die Community sieht für Mercadolibre Inc ein leicht positives Kursziel von 1848 € im Vergleich zum aktuellen Kurs von 1786.6 €.
