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MercadoLibre (MELI) is a Top-Ranked Growth Stock: Should You Buy?

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

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MercadoLibre (MELI)

Buenos Aires, Argentina based MercadoLibre, Inc. is one of the largest e-commerce platforms in Latin America. The company is a market leader in e-commerce in Brazil, Argentina, Colombia, Chile, Ecuador, Costa Rica, Peru, Mexico, and Uruguay based on unique visitors and page views.

MELI sits at a Zacks Rank #1 (Strong Buy), holds a Growth Style Score of A, and has a VGM Score of B. Earnings and sales are forecasted to increase 75% and 27.6% year-over-year, respectively.

Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $1.76 to $16.68 per share. MELI also boasts an average earnings surprise of 35%.

Looking at cash flow, MercadoLibre is expected to report cash flow growth of 163% this year; MELI has generated cash flow growth of 42.1% over the past three to five years.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, MELI should be on investors' short lists.

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MercadoLibre, Inc. (MELI) : Free Stock Analysis Report

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Zacks Investment Research