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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.
  • 5 stocks we like better than MercadoLibre.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
MercadoLibre (MELI)
4.7239 of 5 stars		$2,005.00+1.9%N/A70.75Moderate Buy$2,269.67
Amazon.com (AMZN)
4.9654 of 5 stars		$197.12-0.6%N/A42.21Moderate Buy$235.77
Alibaba Group (BABA)
4.8829 of 5 stars		$83.13-2.9%1.18%16.86Moderate Buy$114.07
JD.com (JD)
4.8146 of 5 stars		$34.68-2.0%2.13%10.97Moderate Buy$40.36
eBay (EBAY)
4.4839 of 5 stars		$63.24+3.0%1.71%15.89Hold$62.87
Etsy (ETSY)
4.318 of 5 stars		$52.30+0.6%N/A26.68Hold$64.87
Compare These Stocks  Add These Stocks to My Watchlist 


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