Free Trial
→ The Last Time Stocks Looked Like This, They Didn’t Move For 16 Years (From Stansberry Research) (Ad)

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.
  • 5 stocks we like better than MercadoLibre

unlock icon  Upgrade Now

This premium article is available to MarketBeat All Access subscribers only. Log in to your account or sign up below.

Upgrade Now See Benefits

Already have an account? Log in here.

→ Kamala’s Promise Will Kill America (Revealed) (From Banyan Hill Publishing) (Ad)

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 "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover
7 Stocks to Buy And Hold Forever

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
MercadoLibre (MELI)
3.8946 of 5 stars
3.89 / 5 stars		$2,017.58-0.6%N/A90.27Buy$2,141.25
Amazon.com (AMZN)
4.562 of 5 stars
4.56 / 5 stars		$179.55+2.4%0.11%50.29Buy$222.49
Alibaba Group (BABA)
4.3999 of 5 stars
4.40 / 5 stars		$83.82+2.9%1.17%19.54Moderate Buy$107.61
JD.com (JD)
4.9207 of 5 stars
4.92 / 5 stars		$25.98+0.3%2.85%11.86Moderate Buy$36.93
eBay (EBAY)
3.317 of 5 stars
3.32 / 5 stars		$60.26+1.4%1.79%12.00Hold$56.90
Etsy (ETSY)
4.3326 of 5 stars
4.33 / 5 stars		$52.58+0.4%N/A24.01Hold$70.61
Compare These Stocks  Add These Stocks to My Watchlist 

More From MarketBeat
FREE TRAINING TODAY ➡️ How to profit from 2024 election
Earlier this year, Millionaire Trader Nate Bear of Monument Traders Alliance went live in front of thousands o...
Monument Traders Alliance | Sponsored
7 Attractive Dividend Stocks Under $50
As we head into the home stretch of 2024, the playbook for growth investors is the same as one year ago. You'r...
MarketBeat
Kamala’s Promise Will Kill America (Revealed)
Kamala’s 3-Word Plan to Destroy America — Are You Prepared? Discover the secret plan that will bankrupt eve...
Banyan Hill Publishing | Sponsored
7 Dividend Aristocrats to Buy After Earnings
During earnings season, analysts talk about earnings growth — and for good reason. Nothing drives stock ...
MarketBeat
Unveiled: NVIDIA’s "Secret Royalty" Program
Did you know that there's an investment that will give you the opportunity to collect "royalties" every time N...
Behind the Markets | Sponsored
7 Mid-Cap Stocks That Are Ready to Rally
One of the primary issues moving markets in 2024 is the direction of interest rates. Specifically, when will t...
MarketBeat

Featured Articles and Offers

3 No-Brainer Stock Picks For The Long-Haul

3 No-Brainer Stock Picks For The Long-Haul

MarketBeat analyst Thomas Hughes discusses 3 no-brainer stocks that offer steady growth, strong cash flow, and robust balance sheets—making them ideal for any buy-and-hold portfolio.

Recent Videos

Casey’s Stock: Strong Growth and Solid Dividends
Netflix’s Bold Moves: 4 Strategies for Explosive Growth
Cintas Stock: The Buy-and-Hold Play for Steady Returns

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines