MercadoLibre and Axon Enterprise are both trading about 33% below their recent highs, presenting potential long-term opportunities. MercadoLibre, the leading e-commerce and fintech platform in Latin America, reported a 42% year-over-year revenue increase in the first quarter, with unique active buyers growing 26% to 84 million. Axon Enterprise, a leader in public safety technology, saw demand for its AI tools more than double last year, generating over $750 million in bookings, as it shifts to a software-first model. Both companies are expected to grow earnings at annualized rates of 31% and 29%, respectively, over the next several years, supporting their premium forward P/E multiples of 44 and 79.
Axon Enterprise Inc.Demand for AI tools more than doubled last year, generating over $750 million in bookings.
MercadoLibre Inc.Revenue increased 42% YoY with unique active buyers growing 26% to 84 million.