Check Out What Whales Are Doing With MELI
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on MercadoLibre (NASDAQ:MELI), with 58% of investors opening trades with bullish expectations and 41% with bearish. The whale has been targeting a price range from $1150.0 to $1210.0 for MercadoLibre over the last 3 months. B of A Securities downgraded its action to Neutral with a price target of $1350, while Jefferies maintained their Hold rating with a price target of $1300.
July 26, 2023 | 2:31 pm
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A whale investor has taken a bullish stance on MercadoLibre, with a target price range of $1150-$1210. Analysts have given Neutral and Hold ratings.
The bullish stance of a whale investor, along with the target price range, indicates a positive short-term impact on MercadoLibre's stock. However, the Neutral and Hold ratings from analysts suggest a cautious approach.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100