Salesforce Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Salesforce (NYSE:CRM) as evidenced by unusual options activity. The activity was split between 50% bullish and 50% bearish, with 8 puts and 4 calls. The targeted price range for Salesforce over the last 3 months has been $180.0 to $240.0. Mizuho maintains a Buy rating on Salesforce with a price target of $250, while Morgan Stanley downgraded its action to Equal-Weight with a price target of $278.
August 21, 2023 | 3:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Salesforce has seen unusual options activity, indicating a significant bullish stance. Analyst ratings vary with Mizuho maintaining a Buy rating and a price target of $250, while Morgan Stanley downgraded to Equal-Weight with a price target of $278.
The unusual options activity indicates that there is significant interest in Salesforce's stock, potentially driving the price up. The differing analyst ratings from Mizuho and Morgan Stanley suggest uncertainty, but both price targets are above the current stock price, indicating potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100