🚀📈Summary: MercadoLibre (MELI) is a promising investment opportunity, currently trading at $1,843.45 with a stop loss at $1,761.55 and a take-profit target of $1,941.67. The trade offers a potential return of 5.33% against a risk of -4.44%, supported by robust growth in Latin America's e-commerce and fintech sectors, as well as strategic investments in logistics and Mercado Pago.
Key Points:
The stock shows bullish momentum in the short term, trading 3.38% above its SMA-20. Analysts project a 10-year revenue CAGR of 14%, highlighting long-term growth. Strategic fintech and logistics investments enhance profitability and user engagement. A recent 16% pullback positions the stock as undervalued and presents a buying opportunity. Macroeconomic factors and competition from players like Amazon need close monitoring.