Check Out What Whales Are Doing With INTU
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Intuit (NASDAQ:INTU) by a large investor or institution, as evidenced by unusual options activity. The sentiment among these big-money traders is split between 64% bullish and 35% bearish. The whales have been targeting a price range from $370.0 to $570.0 for Intuit over the last 3 months. Exane BNP Paribas upgraded its action to Neutral with a price target of $532, while Keybanc maintained their Overweight rating on Intuit with a price target of $525.
July 28, 2023 | 8:45 pm
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POSITIVE IMPACT
Intuit has seen significant bullish options activity, indicating a potential upward price movement. Analysts from Exane BNP Paribas and Keybanc have given positive ratings, further supporting this bullish sentiment.
The unusual options activity, with a majority being bullish, indicates that large investors are expecting Intuit's stock price to rise. This is further supported by positive analyst ratings from Exane BNP Paribas and Keybanc. Therefore, it's likely that Intuit's stock price will experience short-term growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100