This Is What Whales Are Betting On MercadoLibre
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on MercadoLibre (NASDAQ:MELI) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 60% bullish and 40% bearish. The whales have been targeting a price range from $700 to $1420 for MercadoLibre over the last 3 months. The current price of MELI is down -1.86% at $1361.33. Analysts from Goldman Sachs, Jefferies, JP Morgan, Barclays, and Credit Suisse have maintained their ratings on MercadoLibre with price targets ranging from $1300 to $2180.
August 11, 2023 | 3:01 pm
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A large investor has taken a bullish stance on MercadoLibre, with unusual options activity indicating a price target range of $700 to $1420. Analysts have maintained their ratings with price targets from $1300 to $2180.
The bullish stance taken by a large investor, as indicated by unusual options activity, along with the maintained ratings and price targets by analysts, suggest a positive short-term impact on MercadoLibre's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100