This Is What Whales Are Betting On Meta Platforms
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Meta Platforms (NASDAQ:META), with 60% of detected trades showing bearish expectations. However, the stock price is up 3.16% at $287.27. Analysts from Roth MKM, Oppenheimer, Citigroup, JMP Securities, and UBS have maintained their positive ratings on Meta Platforms, with price targets ranging from $300 to $360.
June 27, 2023 | 5:49 pm
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Bearish sentiment detected in trades, but stock price is up and analysts maintain positive ratings.
Despite the bearish sentiment detected in trades, the stock price of Meta Platforms is up and analysts from various firms have maintained their positive ratings on the company. This suggests that the bearish sentiment may not have a significant impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100