MELI Jul 2024 1540.000 put
- Zacks
Is MercadoLibre (MELI) a Buy as Wall Street Analysts Look Optimistic?
Based on the average brokerage recommendation (ABR), MercadoLibre (MELI) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
- Reuters
MercadoLibre's fintech arm sees credit-card reader boom in Mexico
Latin American e-commerce giant MercadoLibre's fintech arm, Mercado Pago, has seen adoption of its slim mobile credit-card readers more than double in the past year, gaining on competing options from banks and Clip, an executive said. In Mexico, cash is still king - and as Latin America's No. 2 economy, it still lags far behind Brazil in terms of digitalization, Brigitte Brousset, Mercado Pago's head of financing for merchants in Mexico, told Reuters. Brazil had been in a similar situation, but credit card adoption was quick and central bank-backed system Pix is now threatening to take over digital payments.
- Zacks
MercadoLibre (MELI) Advances While Market Declines: Some Information for Investors
The latest trading day saw MercadoLibre (MELI) settling at $1,582.14, representing a +0.1% change from its previous close.
