MercadoLibre (MELI): A Powerhouse in Latin America!

MELI is solidifying its position as a dominant player in the e-commerce and fintech markets across Latin America. With Argentina’s economic surge and aggressive expansion in Brazil and Mexico, MELI is poised for significant growth.

📈 Key Highlights:

Economic Recovery in Argentina driving e-commerce activity.
Expansion into logistics and food delivery diversifying revenue streams.
Growing adoption of Mercado Pago enhances its financial ecosystem.
While I see strong fundamentals supporting a buy rating, a 5% drop could offer a better entry point. My fair price estimate is $2,709, based on a 5 year DCF analysis.

Let's keep an eye on the support levels around $1,936 and $1,824.

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