Is MercadoLibre Stock a Buy?
MercadoLibre (NASDAQ: MELI) operates in two quickly growing markets: e-commerce and digital payments. Last year, both of those industries saw rapid expansion as the coronavirus forced consumers to shelter at home.
Not surprisingly, its investors have faired quite well -- shares of MercadoLibre jumped 165% over the past 12 months, and 365% in the last three years. But after those big gains, is the stock still a buy? Let's take a look.
Over the last two decades, MercadoLibre's business has transformed from an online marketplace serving various Latin American markets into a commerce-centric ecosystem. In addition to its e-commerce business, the company also offers fintech services (Mercado Pago), logistics solutions (Mercado Envios), financing (Mercado Crédito), and other products to support its sellers.
Source Fool.com
