My Best Wildly Undervalued Stock for 2022

Valuations reached nosebleed levels during 2020, but 2021 saw these prices decrease. However, one stock sold off too much despite its success. MercadoLibre (NASDAQ: MELI) enables e-commerce to thrive in Latin America, and the business itself has been thriving.

MercadoLibre's valuation has reached the same bottoming point several times over the last five years. It recently hit that point again, which makes it my most wildly undervalued stock of 2022.

Image source: Getty Images.

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Source Fool.com