This Is What Whales Are Betting On Caterpillar
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Caterpillar (NYSE:CAT), with 70% of big-money traders being bullish and 30% bearish. Whales have been targeting a price range of $220 to $260 for Caterpillar over the last 3 months. Tigress Financial maintains a Buy rating on Caterpillar with a price target of $282.
June 20, 2023 | 5:31 pm
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POSITIVE IMPACT
A large investor's bullish stance on Caterpillar (NYSE:CAT) may indicate positive short-term price movement. Whales target a $220-$260 price range, and Tigress Financial maintains a Buy rating with a $282 price target.
The bullish stance taken by a large investor, along with the 70% bullish sentiment among big-money traders, suggests that there may be positive short-term price movement for Caterpillar. Additionally, Tigress Financial's maintained Buy rating and $282 price target further support the potential for an upward trend in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100