Intuit Unusual Options Activity For August 24
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Intuit (NASDAQ:INTU) as evidenced by unusual options activity. The sentiment among big-money traders is split 50% bullish and 50% bearish. The targeted price range for Intuit over the last 3 months is from $480.0 to $520.0. Analysts from Jefferies, Barclays, Mizuho, BMO Capital, and Wells Fargo have maintained their positive ratings on Intuit with price targets ranging from $550 to $600.
August 24, 2023 | 5:15 pm
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Unusual options activity indicates a significant bullish stance on Intuit. Analysts maintain positive ratings with price targets from $550 to $600.
The unusual options activity, with a significant portion being bullish, indicates that there is a strong belief among traders that Intuit's stock price will rise. This is further supported by the positive ratings and high price targets given by analysts from various financial institutions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100