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 57% of recent trades being bearish and 42% bullish. The trades include 5 puts totaling $325,150 and 16 calls totaling $947,221. The targeted price range for Adobe over the last 3 months has been $250.0 to $980.0. Goldman Sachs maintains a Buy rating on Adobe with a price target of $550, while BMO Capital has upgraded its action to Outperform with a price target of $570.
July 18, 2023 | 5:31 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
A significant investor has taken a bearish stance on Adobe. However, Goldman Sachs maintains a Buy rating with a price target of $550, and BMO Capital has upgraded its action to Outperform with a price target of $570.
Despite the bearish stance taken by a significant investor, the positive ratings and price targets from Goldman Sachs and BMO Capital could balance the impact on Adobe's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100