MercadoLibre: Ecommerce Is Booming And Fintech Is Thriving [Seeking Alpha]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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US:NASDAQ Investor Relations:
investor.mercadolibre.com/investor-relations
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Source: Seeking Alpha
B4LLSMercadoLibre (NASDAQ:MELIpostdelivered a return of ~94% for investors. Since that point, the company has continued to realize the last two pursuits, growing revenue by 35% year over year, and management has continued to execute exceptionally well. In this post, I'm going to break down the company's first-quarter financial results for 2023, before revising and revealing my valuation model and forecasts for the business. Is MercadoLibre now too spicy a price for investors? or is it still worth loading up on? We will find out in this post, let's dive in.(MercadoLibre)Roaring FinancialsMercadoLibre reported strong financialfor the first quarter of 2023. Its revenue was $3.04 billion which increased by 35.1% year over year.It should be noted that this growth rate has slowed down from the 41% level reported in Q4,22 and the rapid 63% YoY growth reported in Q1,22. However, this pattern of slowing revenue growth has been a common occurrence across many technology stocks I have covered (s
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MELI
News
- MercadoLibre (MELI) to Report Q1 Results: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at Wedbush from $2,000.00 to $1,800.00. They now have an "outperform" rating on the stock.MarketBeat
- Chilean Retailer Falabella Aims to Close Several Major Asset Sales This Year [Yahoo! Finance]Yahoo! Finance
- Chilean Retailer Falabella Aims to Close Several Major Asset Sales This Year [BNN Bloomberg (Canada)]BNN Bloomberg
- MercadoLibre, Inc. (NASDAQ: MELI) was upgraded by analysts at DZ Bank AG from a "hold" rating to a "buy" rating. They now have a $1,685.00 price target on the stock.MarketBeat
MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 4/23/24 - Form 8-K
- 2/23/24 - Form 10-K
- 2/22/24 - Form 8-K
- MELI's page on the SEC website