This Is What Whales Are Betting On Target
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Target (NYSE:TGT), with 64% of investors opening trades with bullish expectations and 35% with bearish. The mean open interest for Target options trades today is 1135.46 with a total volume of 2,446.00. The price of TGT is up 0.4% at $105.44. Stifel, B of A Securities, and Truist Securities have maintained their Hold rating on Target, while HSBC downgraded its action to Hold.
October 09, 2023 | 7:01 pm
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A whale investor and 64% of other investors have taken a bullish stance on Target. The stock price is up 0.4% at $105.44. Several financial institutions have maintained their Hold rating on Target, while HSBC has downgraded its action to Hold.
The bullish stance taken by a whale investor and 64% of other investors indicates a positive sentiment towards Target. This, combined with the stock price increase and the maintained Hold ratings from several financial institutions, suggests a potential short-term increase in Target's stock price. However, the downgrade from HSBC could potentially limit this increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100