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.
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Source Fool.com
Mercadolibre Inc Stock
€1,786.8
-0.220%
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
With a target price of 1848 € there is a slightly positive potential of 3.43% for Mercadolibre Inc compared to the current price of 1786.8 €.
