Check Out What Whales Are Doing With MELI
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 68% of detected trades showing bearish expectations. The targeted price range for MELI over the last 3 months is from $940.0 to $1800.0. The current price of MELI is down -1.23% at $1410.64. New Street Research, UBS, and Wedbush have given price targets of $1650, $1700, and $1500 respectively.
September 11, 2023 | 5:31 pm
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Bearish sentiment detected in MercadoLibre (NASDAQ:MELI) trades. Price targets from New Street Research, UBS, and Wedbush are $1650, $1700, and $1500 respectively.
The bearish sentiment detected in the trades and the current price drop of MELI indicates a potential short-term decrease in the stock price. However, the price targets given by New Street Research, UBS, and Wedbush are higher than the current price, which could indicate a potential increase in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100