- MercadoLibre is the undisputed e-commerce and FinTech leader in Latin America. We think the growth opportunities in the region are still in the early innings.
- We previously discussed the opportunity to add its stock in August. Back then we encouraged investors to wait for a pullback first. The stock has fallen 15.5% since then.
- Therefore, we think it's time to reconsider our rating again since the recent retracement. We will discuss whether it's a reasonable time to add MELI stock now.
For further details see:
MercadoLibre Stock: It's Looking Attractive Again