MercadoLibre Inc

MELI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$8,428.00	Jjqs	Tyktsxdcz

Looking for Holiday Savings? Wide-Moat MercadoLibre Shares Are 25% Off

Sean Dunlop

Oct 28, 2022

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.

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