Is It Time to Buy MercadoLibre Stock?
's (NASDAQ: MELI) stock price sank by 16% on Nov. 7 after the company posted its third-quarter earnings report. The Latin American e-commerce leader's revenue jumped 35% year over year (103% in currency-neutral terms) to $5.31 billion, which exceeded analysts' consensus estimate by $30 million. But its net income only grew by 11% to $397 million, or $7.83 per share, which missed analysts' expectations by $2.02 per share.
That large bottom-line miss overshadowed the company's robust top-line growth. But could this pullback actually be a golden opportunity to buy into a high-growth stock that's still up nearly 40% over the past 12 months?
Image source: Getty Images.
Source Fool.com
Mercadolibre Inc Aktie
1.589,8 €
-0,25 %
Klares Signal: Mercadolibre Inc wird ausschließlich zum Kauf empfohlen.
Ein Kursziel von 2294 € für Mercadolibre Inc könnte zu einer Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 1589.8 € führen.
