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Is MercadoLibre Stock a Buy Now?

TheMotleyFool

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Is MercadoLibre Stock a Buy Now?: https://g.foolcdn.com/editorial/images/749627/young-woman-holding-credit-card-and-smartphone-and-thinking-with-chin-on-fist-online-mobile-shopping-e-commerce.jpg

MercadoLibre (NASDAQ: MELI) has been an outlier lately in the e-commerce industry as it consistently delivers outstanding results despite the headwinds brought on by global economies reopening. In contrast, other e-commerce companies like Amazon and have encountered varying degrees of challenges.

The stock price has similarly outperformed, surging nearly 50% year to date. Strong business performance and share price gains are naturally enticing to investors, but the question remains: Is now an opportune time to buy the stock?

Image source: Getty Images.

Source Fool.com