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?
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Source Fool.com
Mercadolibre Inc Stock
€1,537.8
-0.350%
With 36 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 2294 € shows a positive potential of 49.17% compared to the current price of 1537.8 € for Mercadolibre Inc.
