Looking At Trade Desk's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Trade Desk (NASDAQ:TTD) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. Whales have been targeting a price range from $45.0 to $90.0 for Trade Desk over the last 3 months. Needham has maintained their Buy rating on Trade Desk with a price target of $80, while Morgan Stanley upgraded its action to Overweight with a price target of $90.
June 27, 2023 | 4:32 pm
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NEUTRAL IMPACT
Trade Desk has seen unusual options activity with a bearish sentiment. Analysts from Needham and Morgan Stanley have given positive ratings with price targets of $80 and $90 respectively.
The unusual options activity indicates that there is a significant bearish sentiment towards Trade Desk. However, the positive ratings and price targets from Needham and Morgan Stanley suggest that there is still confidence in the company's performance. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100