Trade Call: Buy MercadoLibre (MELI) on Attractive Valuation

24 days ago

SPEAKER_01

"In Brazil, the company has around 40 million active buyers, yet urban areas alone offer four to five times that number, suggesting significant upside in expanding its user base."

MercadoLibre (MELI) is highlighted as an attractive buying opportunity as it is trading down approximately 16% and at less than five times sales. The commentary points out a significant latent market opportunity in Brazil, implying that the low-hanging fruit in urban areas could drive future growth. The recommendation is to consider buying if the investor has been watching the stock.

Related Stocks