2024-07-10 07:45:19 ET
Summary
- MercadoLibre's e-Commerce growth is driven by Brazil and Mexico.
- The company is seeing a strong financial performance with double-digit growth in net revenues and gross merchandise value.
- The platform is growing rapidly and seeing positive net income momentum as well.
- MercadoLibre's valuation shows potential for revaluation, despite inflation risks related to Argentina.
MercadoLibre ( MELI ) is a fast-growing e-Commerce platform focused on Latin America that is seeing double-digit gross merchandise volume and revenue growth. Shares of the company have soared almost 50% in the last year as it benefits from strong e-Commerce growth, especially in countries like in Brazil and Mexico, and MercadoLibre is benefiting from a healthy profitability profile. The company is also seeing strong momentum in items sold on its e-Commerce platforms and while shares are not cheap, the MercadoLibre has revaluation potential, in my opinion!...
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For further details see:
MercadoLibre: A Top E-Commerce Growth Stock