What is mercadolibre?
MercadoLibre (NASDAQ: MELI) operates the leading online marketplace and fintech platform in Latin America. Its business has already benefited significantly from digitization, as consumers have shifted away from cash and traditional retail.
Is Mercado a growth stock?
MercadoLibre was a growth stock before COVID-19, but the pandemic has accelerated Latin America's migration to online shopping. Revenue has skyrocketed into triple-digit percentage territory over the last 12-month stretch, notching a 111% year-over-year gain in Q1 2021 (or up 158% when excluding the effects of currency conversion) to $1.4 billion.
