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MercadoLibre (MELI) reachead $2,066.12 at the closing of the latest trading day, reflecting a +0.69% change compared to its last close.
MercadoLibre (MELI) possesses solid growth attributes, which could help it handily outperform the market.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Mercado Pago, the FinTech arm of MercadoLibre, reportedly applied for a banking license in Mexico earlier this month. The firm sent the application to the Mexican regulator, the National Banking and Securities Commission (CNBV), Reuters reported Wednesday (Sept.
Latin American e-commerce giant MercadoLibre's fintech arm, Mercado Pago, has submitted its request for a banking license to the Mexican regulator, the unit said on Wednesday.
The e-commerce and payment services company is growing across crucial categories.
MercadoLibre, the Argentinian e-commerce giant, is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. Kate Rooney breaks down the bull case.
MercadoLibre rides on e-commerce strength driven by an expanding logistics network and robust shipping services.
MercadoLibre's (MELI) stock price has performed well in the past decade, making it one of the best-performing companies on Wall Street. It has jumped from its listing price of $18 in 2007 to $2,100 today, meaning that a $100 investment in it would now be worth over $11,666.
MercadoLibre is a Strong Buy due to its robust ecosystem in the fast-growing Latin American market, leveraging fintech and e-commerce synergies. The company shows impressive financial performance with 42% YoY revenue growth and a strong cash position, enabling aggressive investment and innovation. MELI stock is undervalued, trading at a 13% discount to its intrinsic value, presenting a solid potential upside.