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 56% of detected trades being bearish and 43% bullish. The targeted price range for Meta Platforms over the last 3 months is from $170.0 to $390.0. The current price of META is down -0.35% at $304.5. Analysts from Guggenheim, JMP Securities, Keybanc, and JP Morgan have given price targets of $380, $380, $356, and $425 respectively.
October 05, 2023 | 8:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Bearish sentiment detected in Meta Platforms with a majority of trades being bearish. Analysts have given varying price targets.
The bearish sentiment detected in the trades and the current downward trend in the price of META indicates a potential short-term negative impact on the stock. However, the varying price targets given by analysts suggest some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100