MercadoLibre Trading at Low Levels Despite Strong Growth

Despite maintaining its strong growth trajectory in the first quarter with revenues up over 60%, the valuation for MercadoLibre Inc. (NASDAQ: MELI) has compressed aggressively over the last year. The Argentina-based e-commerce giant is trading well below levels before the onset of COVID-19 in 2020. While the long-term fundamentals remain intact, short-term prices are reflecting [...] The post MercadoLibre Trading at Low Levels Despite Strong Growth appeared first on ETF Trends .