Is MercadoLibre Stock a Must-Buy Right Now?

By Neil Rozenbaum – Nov 12, 2023 at 11:00AM

NASDAQ: MELI

MercadoLibre

Market Cap

$71B

Today's Change

(3.09%) $42.17

Current Price

$1,406.00

Price as of April 26, 2024, 4:00 p.m. ET

MELI stock is up 60% this year but its valuation is cheaper today.

In this video, I will be talking about MercadoLibre's (MELI 3.09%) recent earnings report and why it might be the best stock to own right now.

*Stock prices used were from the trading day of Nov. 9, 2023. The video was published on Nov. 12, 2023.

Neil Rozenbaum has positions in MercadoLibre. The Motley Fool has positions in and recommends MercadoLibre. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.