Assessing MercadoLibre (NasdaqGS:MELI) Valuation After Recent Share Price Pullback
MercadoLibre (NasdaqGS:MELI) shares recently pulled back, with the stock dropping about 9% over the past week and off roughly 10% for the past 3 months. Investors are now weighing this dip as they consider the company’s longer-term growth story.
See our latest analysis for MercadoLibre.
While MercadoLibre’s share price has slipped nearly 9% over the past week, that follows a strong run so far this year, with its year-to-date share price return still positive. Over the past year, total shareholder return sits at 7.5%. Those holding for longer have seen far more robust rewards, with a 120% three-year total return. Momentum has cooled in the near term, likely reflecting shifting sentiment around growth expectations after a period of…
