Why MercadoLibre Stock Is a Smart Buy Right Now

MercadoLibre (NASDAQ: MELI) is the most popular online marketplace and digital payments platform in Latin America, which happens to be the fastest-growing region of the world in terms of e-commerce sales. Not surprisingly, long-term shareholders have made bank on this investment, as the stock price is up 485% over the last three years.

Even so, e-commerce and digital payments are still in the early days of adoption, and MercadoLibre has established a strong competitive position. In this Backstage Pass video, which aired Sept. 14, 2021, Motley Fool contributor Brian Withers shares why he is still excited about this tech company.

Continue reading


Source Fool.com