Looking At Adobe's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bullish stance on Adobe (NASDAQ:ADBE) with 50% of investors opening trades with bullish expectations and 50% with bearish. Whales have been targeting a price range of $400 to $515 for Adobe over the last 3 months. B of A Securities maintains a Buy rating with a price target of $480, RBC Capital downgraded to Outperform with a price target of $415, and Wells Fargo maintains an Equal-Weight rating with a price target of $420.
June 02, 2023 | 2:01 pm
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Whales target a price range of $400 to $515 for Adobe, with mixed analyst ratings. The stock may be overbought, with earnings expected in 13 days.
The news indicates that there is a mix of bullish and bearish sentiment among investors, with whales targeting a wide price range for Adobe. Analyst ratings are also mixed, suggesting uncertainty in the stock's direction. The stock may be overbought, but earnings are expected in 13 days, which could influence the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100