Is MercadoLibre's Post-Earnings Crash an Opportunity to Buy the Dip?

By Neil Rozenbaum – Feb 23, 2024 at 3:10PM

NASDAQ: MELI

MercadoLibre

Market Cap

$71B

Today's Change

(3.09%) $42.17

Current Price

$1,406.00

Price as of April 26, 2024, 4:00 p.m. ET

MercadoLibre stock is down 12% after the company reported earnings. Is this stock a buy?

In this video, I will be talking about MercadoLibre's (MELI 3.09%) recent earnings report and why it might be a buying opportunity.

*Stock prices used were from the trading day of Feb. 22, 2024. The video was published on Feb. 23, 2024.

Neil Rozenbaum has positions in MercadoLibre. The Motley Fool has positions in and recommends MercadoLibre. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.