This Is What Whales Are Betting On Meta Platforms
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Meta Platforms (NASDAQ:META), with 61% of recent trades being bearish. The targeted price range for Meta Platforms over the last 3 months is $5.0 to $350.0. The current price of META is down -0.5% at $323.85. Goldman Sachs, Tigress Financial, TD Cowen, Wells Fargo, and Mizuho have maintained or upgraded their ratings on Meta Platforms, with price targets ranging from $335 to $389.
July 31, 2023 | 1:47 pm
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NEUTRAL IMPACT
Bearish stance taken on Meta Platforms with majority of recent trades being bearish. However, major firms have maintained or upgraded their ratings, indicating potential upside.
Despite the bearish stance taken by a significant investor, major firms have maintained or upgraded their ratings on Meta Platforms, indicating potential upside. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100