This Is What Whales Are Betting On Synopsys
Portfolio Pulse from Benzinga Insights
A significant bearish position has been taken on Synopsys (NASDAQ:SNPS), as observed in the publicly available options history. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. Whales have been targeting a price range from $340.0 to $550.0 for Synopsys over the last 3 months. HSBC has downgraded its action to Buy with a price target of $551. The price of SNPS is up 0.69% at $498.36.
October 12, 2023 | 4:01 pm
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A significant bearish position has been taken on Synopsys (NASDAQ:SNPS). The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. HSBC has downgraded its action to Buy with a price target of $551.
The bearish position taken by big-money traders indicates a potential decrease in the stock price of Synopsys. The downgrade by HSBC further supports this prediction. However, the sentiment is not entirely bearish, with 45% of traders being bullish, which may mitigate the potential decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100