Argentinian eCommerce and fintech player, MercadoLibre (MELI), has established itself as a juggernaut in the Latin American region. It wrapped up another blockbuster quarter, marked by accelerating growth for its fintech arm. Moreover, growth in its eCommerce business remains elevated as well, a testament to its incredible execution. Additionally, its stock trades at around 5.1 times forward sales, which is more than 60% lower than its 5-year average. Therefore, we are bullish on MELI stock. MercadoLibre is an eCommerce giant that specializes in the Latin American region and is often touted as 'the Amazon of Latin America.
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MercadoLibre (NASDAQ:MELI)
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MercadoLibre (NASDAQ:MELI)
Gráfico Histórico do Ativo
De Dez 2021 até Dez 2022 Click aqui para mais gráficos MercadoLibre.