MercadoLibre Assuages Amazon Fears
Latin American giant MercadoLibre (NASDAQ: MELI) has done an amazing job of developing an impressive infrastructure of e-commerce offerings. Thanks to the company's marketplace, payment, shipping, finance, and other services, consumers across most of the Western Hemisphere can enjoy the same benefits of e-commerce that U.S. consumers have had for a while. Yet some investors had recently feared that competition from U.S. e-commerce king Amazon.com (NASDAQ: AMZN) could threaten MercadoLibre's leadership position in Latin America.
Coming into Thursday's third-quarter financial report, MercadoLibre investors wanted reassurance that their fears were overblown. MercadoLibre's strong growth supported optimism on that front, and shareholders seemed relieved that the company's first-mover advantages are still very much intact. Let's look more closely at MercadoLibre and its latest numbers to see what people are thinking about the company.
Image source: MercadoLibre.
Source: Fool.com
Mercadolibre Inc Stock
The stock is an absolute favorite of our community with 39 Buy predictions and no Sell predictions.
With a target price of 2319 € there is a positive potential of 39.48% for Mercadolibre Inc compared to the current price of 1662.6 €.
