MercadoPago: The Real Reason MercadoLibre Stock Has Soared [The Motley Fool]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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investor.mercadolibre.com/investor-relations
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Source: The Motley Fool
MercadoPago: The Real Reason MercadoLibre Stock Has Soared MercadoLibre ( NASDAQ:MELI eBay More than a decade later -- Christmas Eve of last year, to be exact -- it's market cap stood at $ billion. That's a solid return. What has happened over the last nine months, however, has been a sight to behold: MercadoLibre has almost tripled Rio de Janeiro. Image source: Getty Images The company's pop is not because the marketplace is thriving (although it's doing fine), or because the company's fulfillment capacity is making it the dominant e-commerce force down south (it is). The tripling of the company's value has much more do to with MercadoPago, a payment option the company offers that has grown in popularity faster than anyone could have imagined. Let's unpack where that growth has come from, and what's left for the company to capture. Humble beginnings In its 007 prospectus, MercadoLibre said: "[W]e developed MercadoPago ... [t]o complement the MercadoLibre marketplace." That is, it hel
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MELI
News
- Attention, Cautious Investors: This Top Dividend King Just Climbed 7% and Can Keep Going [Yahoo! Finance Canada]Yahoo! Finance Canada
- MercadoLibre's (MELI) Q1 Earnings Beat, Revenues Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- MercadoLibre (MELI) Stock Trades Up, Here Is Why [Yahoo! Finance]Yahoo! Finance
- How Much Will Fortis Pay in Dividends This Year? [Yahoo! Finance Canada]Yahoo! Finance Canada
- MercadoLibre, Inc. (NASDAQ: MELI) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $1,800.00 price target on the stock.MarketBeat
MELI
Earnings
- 5/2/24 - Beat
MELI
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/25/24 - Form DEFA14A
- MELI's page on the SEC website