Check Out What Whales Are Doing With ADBE
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Adobe (NASDAQ:ADBE), with 60% of recent trades being bearish and 40% bullish. The total amount for puts is $1,014,148 and for calls is $3,131,375. Whales have been targeting a price range from $300.0 to $620.0 for Adobe over the last 3 months. The current price of ADBE is up 0.81% at $489.15. Citigroup downgraded its action to Neutral with a price target of $462, while BMO Capital upgraded its action to Outperform with a price target of $570.
July 05, 2023 | 6:16 pm
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Bearish stance by a significant investor on Adobe. 60% of recent trades are bearish. Current price is up 0.81% at $489.15. Mixed analyst ratings with price targets ranging from $462 to $570.
The bearish stance by a significant investor, along with the mixed analyst ratings, could lead to increased volatility in Adobe's stock price. The price targets from analysts range from $462 to $570, indicating uncertainty about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100