Why MercadoLibre Stock Is Cheaper Than It Looks
(NASDAQ: MELI) is often compared to Amazon for its strong success in the e-commerce market. A focus on Latin America -- with its developing markets that have attractive prospects -- has made it an intriguing growth stock to own.
And over the past five years, the stock's 150% return has blown past Amazon, which is up by around 97% during the same time frame.
But some investors might be growing concerned that MercadoLibre has become too expensive. It trades at more than 70 times earnings, which can be a tough valuation to swallow, especially as fears are rising that the stock market might have become overheated this year, with the S 500 continuing to soar to new records.
Source Fool.com
Mercadolibre Inc Aktie
1.799,0 €
-3,64 %
Überwältigendes Buy-Interesse für Mercadolibre Inc: 35 Buy-Einschätzungen ohne eine einzige Sell-Einschätzung.
Ein positives Kurspotenzial für Mercadolibre Inc ist gegeben, mit einem Kursziel von 1956 € über dem aktuellen Kurs von 1799.0 €.
