MELI Stock Trades at a P/E of 32.02X: Should You Buy, Sell or Hold It?

Key Takeaways MELI trades at 32X forward earnings and has fallen 13% in six months, lagging the S&P 500.MercadoLibre's Mercado Pago hit 72M MAUs, with credit users topping 27M and engagement rising.MELI cut unit shipping costs in Brazil and Mexico, boosting efficiency and long-term margins.MercadoLibre’s (MELI) shares are currently overvalued, as suggested by its Value Score of C.The stock’s premium valuation may raise concerns for some investors. MELI’s forward 12-month Price/Earnings ratio of about 32.02X ...