This Is What Whales Are Betting On Target
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Target (NYSE:TGT), with 60% of recent trades being bearish and 40% bullish. The total amount for put options is $498,620, while for call options it's $126,660. Whales have been targeting a price range from $65.0 to $145.0 for Target over the last 3 months. TD Cowen maintains an Outperform rating on Target with a price target of $166.
July 18, 2023 | 4:15 pm
News sentiment analysis
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Bearish stance taken by a significant investor on Target could potentially impact the stock negatively in the short term. However, TD Cowen's Outperform rating and a price target of $166 suggest a positive outlook.
The bearish stance taken by a significant investor indicates a potential downward pressure on the stock. However, the Outperform rating by TD Cowen suggests a positive outlook, which could counterbalance the bearish sentiment to some extent.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100