Looking At Cisco Systems's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bullish stance on Cisco Systems (NASDAQ:CSCO) with 57% of investors opening trades with bullish expectations and 42% with bearish. Whales have been targeting a price range of $45.0 to $52.5 for Cisco Systems over the last 3 months. Credit Suisse, Piper Sandler, Barclays, and Deutsche Bank maintain their ratings, while Oppenheimer downgraded to Outperform with a price target of $58.
May 30, 2023 | 3:46 pm
News sentiment analysis
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Whale activity indicates bullish sentiment on Cisco Systems (NASDAQ:CSCO) with a target price range of $45.0 to $52.5. Mixed ratings from experts, including a downgrade from Oppenheimer.
The whale activity and the majority of bullish investors indicate a positive short-term impact on Cisco Systems' stock price. However, the mixed ratings from experts, including a downgrade from Oppenheimer, suggest that the impact may be somewhat tempered. Overall, the news is likely to have a positive effect on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100