Is It Too Late to Buy MercadoLibre Stock?
(NASDAQ: MELI) posted its first-quarter earnings report after the market close on May 3. The Latin American e-commerce and fintech leader's revenue rose 35% year over year (58% in constant currency terms) to $3.04 billion and exceeded analysts' estimates by $160 million. Its net income more than tripled to $201 million, or $3.97 per share, which also cleared the consensus forecast by $0.84.
MercadoLibre's headline numbers were impressive, but its stock price dropped more than 5% the following day. Does that decline -- along with the fact that its stock has already risen more than 40% this year -- indicate its rally is running out of steam? Let's review the key facts and figures to see if it's too late to buy MercadoLibre's stock.
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Source Fool.com
Mercadolibre Inc Stock
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 1792 € there is a slightly positive potential of 16.53% for Mercadolibre Inc compared to the current price of 1537.8 €.
