GeneralBullishBlockonomi · 4h ago6/10
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MercadoLibre (MELI) Stock: Why Major Investors Keep Accumulating Despite Earnings Miss
MercadoLibre reported Q1 revenue growth of 49% to $8.85B but missed earnings expectations with EPS of $8.23, yet institutional investors maintain high ownership at 87.62% and continue accumulating shares. This suggests confidence in the company's long-term fundamentals despite near-term earnings disappointment, with analyst price targets around $2,255.