Why MercadoLibre Stock Is a Smart Buy Right Now
MercadoLibre (NASDAQ: MELI) is the most popular online marketplace and digital payments platform in Latin America, which happens to be the fastest-growing region of the world in terms of e-commerce sales. Not surprisingly, long-term shareholders have made bank on this investment, as the stock price is up 485% over the last three years.
Even so, e-commerce and digital payments are still in the early days of adoption, and MercadoLibre has established a strong competitive position. In this Backstage Pass video, which aired Sept. 14, 2021, Motley Fool contributor Brian Withers shares why he is still excited about this tech company.
Source Fool.com