This Is What Whales Are Betting On Adobe
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Adobe (NASDAQ:ADBE) by a large investor, as indicated by a large position in options. The sentiment among these big-money traders is 26% bullish and 73% bearish. The whales have been targeting a price range from $360.0 to $620.0 for Adobe over the last 3 months. Adobe's current price is $520.57, up 0.64%. Analysts from Goldman Sachs, Piper Sandler, BMO Capital, Mizuho, and RBC Capital have maintained their ratings on Adobe, with price targets ranging from $520 to $572.
July 14, 2023 | 2:16 pm
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A large investor has taken a bearish stance on Adobe, with a significant position in options. Analysts have maintained their ratings, with price targets ranging from $520 to $572.
The bearish stance taken by a large investor, as indicated by a significant position in options, could potentially drive the stock price down in the short term. However, the maintained ratings and price targets by analysts suggest a stable outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100