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The Amazon of Latin America: Is MercadoLibre Stock a Buy Now?

TheMotleyFool

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The Amazon of Latin America: Is MercadoLibre Stock a Buy Now?: https://g.foolcdn.com/editorial/images/716383/meli-stock.jpg

MercadoLibre (NASDAQ: MELI) stock popped over 8% today on news from a Brazilian competitor. In the below video, I share this news and how it could impact MercadoLibre going forward. I also provide a background of the business, important growth demographics, valuation, and a chart to see where the stock could be headed next.

*Stock prices used were the afternoon prices of Jan. 12, 2023. The video was published on Jan. 12, 2023.

Source Fool.com

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