MercadoLibre Inc
MELI: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$3,258.00 | Nbmrn | Zqbqbrvz |
Looking for Holiday Savings? Wide-Moat MercadoLibre Shares Are 25% Off
Wide-moat MercadoLibre trades at a 25% discount to our intrinsic valuation, with the Latin American marketplace behemoth's competitive position looking deeply entrenched and wildly underappreciated. While we are shaving our fair value estimate for the name to $1,100 per share, from $1,400, on the back of our expectation for a macroinduced downturn and lower payment processing take rates, we remain ready buyers, and continue to view shares as attractive for long-term investors.