3 Reasons to Buy MercadoLibre Stock: Latin America's e-commerce growth, Mercado Pago's 50M users, and strong business performance.
3 Reasons to Buy MercadoLibre Stock: 1) Latin America's e-commerce industry is rapidly growing, projected to expand by 24% in 2021 and 21% in the following two years. MercadoLibre, already a major player, can capitalize on this growth. 2) The company owns Mercado Pago, a payment app with 50M users, well-positioned for online banking and payment growth. 3) MercadoLibre's strong business performance includes a 71% increase in GMV and a 35% rise in MercadoPago payments platform volume, suggesting investment potential despite stock underperformance.
July 28, 2024
4 Articles