MercadoLibre Stock Is Firing on All Cylinders. Can Its Success Continue?
MercadoLibre (NASDAQ: MELI), the dominant Latin American e-commerce and payments company, has defied significant economic headwinds all year. Unlike many of its global peers, the company has produced outstanding revenue, solid margin expansion, and strong free-cash-flow growth throughout 2022.
As a result, when the stock recently released its earnings report on Nov. 3, investors were impressed and bid it up 8%. However, economic experts expect the economies in its largest markets -- Brazil, Argentina, and Mexico -- to perform worse in 2023, so you might ask, "Where does the stock go from here"?
Here's why you should put this Latin American steamroller on your buy list today.
Source Fool.com
