Down 19.5% in 2021, Is MercadoLibre a Buy for 2022?

While the broader market generally posts annual gains, individual stocks don't have as much predictability. Growth stocks in particular can be volatile as they work to gain a footing. While they might offer fantastic gains, they can sometimes end up in a slump.

MercadoLibre (NASDAQ: MELI) is a top e-commerce stock that underwhelmed investors in 2021, falling 19.5%. Even worse, the current stock price is down about 47% from 52-week highs set in mid-January.

Should that stock performance scare investors in 2022, or does it present an opportunity?

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Source Fool.com