Free Trial
→ Real Americans Don’t Wait on Wall Street’s Next Move (From Premier Gold Co) (Ad)

Pullback Creates an Opportunity for ‘The Amazon of Latin America'

Written by MarketBeat Staff
July 11, 2023

Key Points

  • Rapid adoption of MercadoLibre’s e-commerce and fintech tools is starting to echo the early rise of Amazon.
  • MercadoLibre’s growth outlook largely hinges on Brazil, which accounts for approximately half of all revenue.
  • Online payments platform MercadoPago is expected to be a big driver of volume growth on the fintech side.
  • Analysts are projecting EPS growth of nearly 49% over the next three to five years.
  • With MercadoLibre now trading more than 40% below its pre-pandemic peak, it’s no wonder that Wall Street sees tremendous value.
  • Five stocks we like better than MercadoLibre.

unlock icon  Upgrade Now

This premium article is available to MarketBeat All Access subscribers only. Log in to your account or sign up below.

Upgrade Now See Benefits

Already have an account? Log in here.

Should You Invest $1,000 in MercadoLibre Right Now?

Before you consider MercadoLibre, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MercadoLibre wasn't on the list.

While MercadoLibre currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Top Nuclear Stocks To Buy Now Cover
7 Top Nuclear Stocks To Buy Now

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
MercadoLibre (MELI)
4.4118 of 5 stars		$2,056.43-2.0%0.03%54.55Buy$2,415.94
Amazon.com (AMZN)
4.9114 of 5 stars		$167.32-3.1%0.12%30.26Moderate Buy$249.90
Alibaba Group (BABA)
4.854 of 5 stars		$110.06+1.1%0.89%15.90Buy$150.36
JD.com (JD)
4.9521 of 5 stars		$34.06-1.9%2.88%10.78Buy$48.67
eBay (EBAY)
4.1147 of 5 stars		$65.63-1.0%1.77%16.49Hold$65.13
Etsy (ETSY)
4.5947 of 5 stars		$44.54+0.9%N/A18.79Hold$56.42
Compare These Stocks  Add These Stocks to My Watchlist 

Featured Articles and Offers

5 Stocks to BUY Now as Tariff Uncertainty Fades
April 15, 2025

5 Stocks to BUY Now as Tariff Uncertainty Fades

These 5 Stocks have been beaten down by tariffs, but now that the uncertainty is fading, they're set for a rebound with all the potential downside already priced in.

Watch Video

Related Videos

Pelosi Bets Big on AI: Her Top 5 Stock Picks

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines