Why MercadoLibre Stock Is Cheaper Than It Looks
(NASDAQ: MELI) is often compared to Amazon for its strong success in the e-commerce market. A focus on Latin America -- with its developing markets that have attractive prospects -- has made it an intriguing growth stock to own.
And over the past five years, the stock's 150% return has blown past Amazon, which is up by around 97% during the same time frame.
But some investors might be growing concerned that MercadoLibre has become too expensive. It trades at more than 70 times earnings, which can be a tough valuation to swallow, especially as fears are rising that the stock market might have become overheated this year, with the S 500 continuing to soar to new records.
Source Fool.com
Mercadolibre Inc Stock
€1,882.6
-0.650%
With 32 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 1956 € shows a slightly positive potential of 3.9% compared to the current price of 1882.6 € for Mercadolibre Inc.
