MercadoLibre (MELI) stock price analysis ahead of Q1 earnings
MercadoLibre (NASDAQ: MELI) stock price will be in the spotlight on Thursday as investors focus on the company’s financial results. It has risen to a high of $1,485 from a low of $1,325, its lowest point since November last year. It remains in a bear market as it retreated by over 20% from its highest point in 2023. MercadoLibre earnings aheadMercadoLibre, the leading e-commerce and fintech company in Latin America, has been one of the fastest-growing firm in the industry. The company’s annual revenue has soared from $2.2 billion in 2019 to over $14.4 billion. Analysts believe that the company...