Could MercadoLibre Still Be a Bargain Stock After Rising 43% Already in 2023?

By Matt Frankel – Mar 6, 2023 at 6:22AM

NASDAQ: MELI

MercadoLibre

Market Cap

$69B

Today's Change

(-0.45%) -$6.17

Current Price

$1,363.83

Price as of April 25, 2024, 4:00 p.m. ET

The e-commerce and fintech operator could still have a long growth runway ahead of it.

MercadoLibre (MELI -0.45%) recently reported its fourth-quarter earnings, and the results look pretty impressive. In this video, Matt Frankel, CFP®, discusses the results and why they make him want to buy even more MercadoLibre stock.

*Stock prices used were the morning prices of March 3, 2023. The video was published on March 5, 2023.

American Express is an advertising partner of The Ascent, a Motley Fool company. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Matthew Frankel, CFP® has positions in Amazon.com, American Express, MercadoLibre, and Shopify. The Motley Fool has positions in and recommends Amazon.com, MercadoLibre, and Shopify. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.