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Where Will MercadoLibre Be in 5 Years?

TheMotleyFool

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MercadoLibre's (NASDAQ: MELI) stock soared nearly 1,000% over the past five years as the Latin American e-commerce leader repeatedly dazzled investors with its robust growth in users and revenue.

However, MercadoLibre's profits remain slim, and its stock looks frothy at over 400 times forward earnings. So can MercadoLibre continue growing over the next five years?

MercadoLibre was founded 21 years ago in Argentina. eBay owned nearly a fifth of the company before selling most of its stake in 2016, but it still partners with MercadoLibre to help overseas sellers enter Latin America.

Source Fool.com

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