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

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

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
MercadoLibre (MELI)
4.5667 of 5 stars
$1,736.78-2.0%0.03%77.71Buy$1,881.92
Amazon.com (AMZN)
4.952 of 5 stars
$183.130.0%N/A51.30Buy$211.62
Alibaba Group (BABA)
4.7742 of 5 stars
$82.69-4.0%1.19%19.28Moderate Buy$109.96
JD.com (JD)
4.8504 of 5 stars
$32.68-1.8%2.26%14.92Moderate Buy$37.47
eBay (EBAY)
4.4659 of 5 stars
$52.80+1.2%2.05%10.52Hold$51.45
Etsy (ETSY)
4.4112 of 5 stars
$64.04-0.2%N/A29.24Hold$79.96
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