This Is What Whales Are Betting On AstraZeneca
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on AstraZeneca (NASDAQ:AZN), with 61% of detected trades having bearish expectations. Whales have been targeting a price range of $65.0 to $77.5 for AstraZeneca over the last 3 months. Argus Research maintains a Buy rating on AstraZeneca with a price target of $80.
June 07, 2023 | 6:17 pm
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AstraZeneca has seen increased bearish sentiment from whale investors, with 61% of detected trades being bearish. Argus Research maintains a Buy rating with a price target of $80.
The increased bearish sentiment from whale investors could lead to short-term downward pressure on AstraZeneca's stock price. However, Argus Research's maintained Buy rating and $80 price target suggest a positive long-term outlook. The score is -1 due to the short-term impact of the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100