MercadoLibre, Inc. (MELI): A Bull Case Theory

We came across a bullish thesis on MercadoLibre, Inc. (MELI) on Substack by Oliver | MMMT Wealth. In this article, we will summarize the bulls’ thesis on MELI. MercadoLibre, Inc. (MELI)'s share was trading at $1758.77 as of Jan 10^th. MELI’s trailing and forward P/E were 62.39 and 40 respectively according to Yahoo Finance.

MercadoLibre (MELI) is poised for significant growth, driven by the rapidly expanding e-commerce market in Latin America, which is projected to reach $350 billion by 2027. MELI currently holds a 29.2% market share, expected to grow to 30% as weaker competitors...