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Thomas Hughes

MercadoLibre: High-Growth EM Stock With 100% Upside Potential

MercadoLibre MarketBeat Latin America

[content-module:CompanyOverview|NASDAQ:MELI]

MercadoLibre (NASDAQ: MELI) is not without hurdles; no company is, but it is well-positioned to sustain high-quality growth for the next decade, and you can buy it for 50 cents to the dollar.

The stock is highly valued relative to its 2024 estimates, but the 46x price multiple does not price in the potential, which is excellent and greatly underestimated.

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