Mercado Libre ($MELI) is projected to have $62.24 billion in revenue for FY 2028. Assuming we see margin expansion back to 8% (up from 5.5%) and a 35x P/E multiple we could get a very easy double of the stock price. This assume a MASSIVE slowdown in revenue down to a 25.6% CAGR down from the 50% reported last quarter. I continue to buy Meli at these levels.
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1 Comments
Dany @danman · 10d
Bought it Friday
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