This Is What Whales Are Betting On Meta Platforms
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Meta Platforms (NASDAQ:META), with 70% of the spotted trades being bearish. The whales have been targeting a price range from $130.0 to $320.0 for Meta Platforms over the last 3 months. The price of META is up 1.76% at $317.35. Analysts from Rosenblatt, JP Morgan, Piper Sandler, RBC Capital, and Keybanc have maintained their positive ratings on Meta Platforms, with price targets ranging from $355 to $411.
November 02, 2023 | 1:46 pm
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A whale investor has taken a bearish stance on Meta Platforms, with 70% of the spotted trades being bearish. However, analysts maintain positive ratings on the company.
The bearish stance of the whale investor could potentially put downward pressure on Meta Platforms' stock price. However, the positive ratings from analysts could counteract this effect, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100