Professional
Added to YB: 2024-11-12
Pitch date: 2024-09-30
MELI [bullish]
MercadoLibre, Inc.
-2.14%
current return
Author Info
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Company Info
MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.
Market Cap
$105.2B
Pitch Price
$2.1K
Price Target
N/A
Dividend
N/A
EV/EBITDA
25.94
P/E
50.64
EV/Sales
4.24
Sector
Broadline Retail
Category
growth
Show full summary:
Baron Global Advantage Fund Portfolio Holding: MercadoLibre, Inc.
MELI: Q results beat expectations. 83% YoY GMV growth, 131% commerce revenue growth, 86% total payments volume growth. Outperforming peers in e-commerce, especially Brazil. Fintech innovation and credit underwriting driving margin expansion. Poised for earnings growth as LatAm e-commerce matures over next decade.
Read full article (1 min)