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Pullback Creates an Opportunity for ‘The Amazon of Latin America'

Written by MarketBeat Staff
July 11, 2023

Key Points

  • Rapid adoption of MercadoLibre’s e-commerce and fintech tools is starting to echo the early rise of Amazon.
  • MercadoLibre’s growth outlook largely hinges on Brazil, which accounts for approximately half of all revenue.
  • Online payments platform MercadoPago is expected to be a big driver of volume growth on the fintech side.
  • Analysts are projecting EPS growth of nearly 49% over the next three to five years.
  • With MercadoLibre now trading more than 40% below its pre-pandemic peak, it’s no wonder that Wall Street sees tremendous value.
  • Interested in MercadoLibre? Here are five stocks we like better.

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Should You Invest $1,000 in MercadoLibre Right Now?

Before you consider MercadoLibre, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MercadoLibre wasn't on the list.

While MercadoLibre currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
MercadoLibre (MELI)
4.1213 of 5 stars		$2,385.26-2.6%0.03%63.26Moderate Buy$2,613.75
Amazon.com (AMZN)
4.7093 of 5 stars		$216.03-0.4%0.09%39.02Moderate Buy$244.89
Alibaba Group (BABA)
4.6462 of 5 stars		$120.06-1.2%0.86%17.35Buy$154.21
JD.com (JD)
4.9696 of 5 stars		$33.53-1.2%2.92%10.60Moderate Buy$46.33
eBay (EBAY)
3.981 of 5 stars		$79.65+0.4%1.46%20.02Hold$67.65
Etsy (ETSY)
3.1502 of 5 stars		$62.70-1.8%N/A26.48Hold$50.50
Compare These Stocks  Add These Stocks to My Watchlist 

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