MercadoLibre Assuages Amazon Fears
Latin American giant MercadoLibre (NASDAQ: MELI) has done an amazing job of developing an impressive infrastructure of e-commerce offerings. Thanks to the company's marketplace, payment, shipping, finance, and other services, consumers across most of the Western Hemisphere can enjoy the same benefits of e-commerce that U.S. consumers have had for a while. Yet some investors had recently feared that competition from U.S. e-commerce king Amazon.com (NASDAQ: AMZN) could threaten MercadoLibre's leadership position in Latin America.
Coming into Thursday's third-quarter financial report, MercadoLibre investors wanted reassurance that their fears were overblown. MercadoLibre's strong growth supported optimism on that front, and shareholders seemed relieved that the company's first-mover advantages are still very much intact. Let's look more closely at MercadoLibre and its latest numbers to see what people are thinking about the company.
Image source: MercadoLibre.
Source: Fool.com
Mercadolibre Inc Stock
With 23 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 1792 € shows a slightly positive potential of 17.68% compared to the current price of 1522.8 € for Mercadolibre Inc.
