Why MercadoLibre Stock Dipped This Week
Shares of leading Latin American e-commerce and fintech behemoth MercadoLibre (NASDAQ: MELI) are down 13% this week as of 11 a.m. ET on Friday after the company reported fourth-quarter earnings Tuesday afternoon. MercadoLibre grew revenue by 45% in Q4, easily surpassing Wall Street's expectations. However, net income declined 13%, missing analysts' expectations, as the company spent heavily on an array of growth areas, weighing on overall profitability. While this short-term profitability weakness is valid to a degree, it was still an incredible quarter for the company.
In Q4, MercadoLibre:
Image source: Getty Images.
Source Fool.com
Mercadolibre Inc Aktie
1.405,2 €
-2,08 %
Die Aktie ist derzeit ein absoluter Favorit unserer Community mit 43 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung.
Dadurch ergibt sich bei einem Kursziel von 2363 € ein stark positives Potenzial von 68.16% im Vergleich zum aktuellen Kurs von 1405.2 € bei Mercadolibre Inc.
