This Is What Whales Are Betting On Analog Devices
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Analog Devices (NASDAQ:ADI) by a large investor, as observed in the options history. The overall sentiment of these big-money traders is split between 22% bullish and 77% bearish. The whales have been targeting a price range from $150.0 to $210.0 for Analog Devices over the last 3 months. The current price of ADI is $182.04, up 0.26%. Analysts from Morgan Stanley, UBS, Susquehanna, Raymond James, and Goldman Sachs have maintained their ratings on ADI with price targets ranging from $185 to $215.
August 31, 2023 | 7:33 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Analog Devices, with the sentiment among big-money traders being 77% bearish. Analysts have maintained their ratings with price targets ranging from $185 to $215.
The bearish stance taken by a large investor, as well as the predominantly bearish sentiment among big-money traders, indicates a potential downward pressure on the stock price. However, the maintained ratings and price targets from analysts suggest a more positive outlook, creating a mixed impact. The score is set to -1 due to the immediate bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100