Valuations reached nosebleed levels during 2020, but 2021 saw these prices decrease. 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. Read More...
Motley Fool
Why MercadoLibre Stock Crashed Today
Latin American e-commerce giant MercadoLibre (NASDAQ: MELI) calls Argentina home but does 60% of its business to the north in Brazil — and that could become a problem for MercadoLibre stock this year. Warning of storm clouds on the horizon, investment bank Jefferies downgraded MercadoLibre stock this morning. Not only did Jefferies cut its rating on MercadoLibre (from “buy” to “hold”), says StreetInsider.com, but the banker also cut its price target on MercadoLibre stock from $2,000 to just $1,250.
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