MELI - MercadoLibre's Revenue Growth Is Slowing. Is the Stock Still a Buy?
2023-09-17 05:45:00 ET
Latin American e-commerce and fintech company MercadoLibre (NASDAQ: MELI) has been a massive winner for investors. A $10,000 investment in MercadoLibre when it came public in 2007 would be worth $506,000 now. That same investment into an S&P 500 index fund would only be worth $42,000 today.
This massive outperformance has been due in part to the rapid revenue growth that MercadoLibre has experienced as it has expanded its offerings over time. However, the last few years have seen MercadoLibre's pace of revenue growth start to slow. Should this worry investors? Does this make the stock less attractive?
Let's dig a little deeper to get the full picture of the strength and potential of the business.
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MercadoLibre's Revenue Growth Is Slowing. Is the Stock Still a Buy?