MercadoLibre, the leading e-commerce platform in Latin America, is anticipated to deliver another solid performance in the third quarter of 2024, fueled by robust growth in gross merchandise value (GMV), total payment volume (TPV), and its loan portfolio. Goldman Sachs analysts predict a strong performance, with potential for continued expansion in Brazil, Mexico, and Argentina.
MercadoLibre (NASDAQ: MELI) is a rapidly growing e-commerce and fintech company in Latin America, often compared to Amazon and PayPal. The stock has recently experienced a sell-off due to a misunderstanding of last quarter’s results, providing an attractive entry point for investors. MercadoLibre has a strong track record over the past five years and a unique platform that captures escalating Gross Merchandise Value, emerging user base, expansion into new countries, and a logistics network growing in leaps and bounds. The company has a proven ability to expand margins and earnings, and its current stock price is trading at a discount from its all-time high. Despite risks associated with the Latin American market, MercadoLibre remains a compelling long-term investment due to its growth potential and strong management team.
