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

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free market (Melly 9.34%) The stock popped more than 8% today on news from a Brazilian competitor In the video below, I share this news and how it may affect MercadoLibre going forward. I also provide a background on the business, key growth demographics, valuation and a chart to see where the stock could be headed next.

*Stock prices used were afternoon prices on January 12, 2023 The video was published on January 12, 2023

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of the board of directors of The Motley Fool. Eric Kuker has positions in Amazon.com, MercadoLibre, and Sea Limited. The Motley Fool has positions in and recommends Amazon.com, MercadoLibre, and Sea Limited Motley Fool has a revealing policy. Eric Cuka is an affiliate of The Motley Fool and may be compensated for promoting its services You choose to subscribe through link to themThey will earn some extra money which supports their channel.


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