Check Out What Whales Are Doing With AMAT
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Applied Materials (NASDAQ:AMAT) by a large investor or institution, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is split between 42% bullish and 57% bearish. Whales have been targeting a price range from $120.0 to $150.0 for Applied Mat over the last 3 months. Needham has upgraded its action to Buy with a price target of $180, while UBS has maintained their Neutral rating with a price target of $150.
October 23, 2023 | 5:31 pm
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A large investor has taken a bearish stance on Applied Materials, indicating potential downward pressure on the stock. However, analyst ratings from Needham and UBS suggest a higher price target.
The bearish stance taken by a large investor or institution could put downward pressure on AMAT's stock price in the short term. However, the analyst ratings from Needham and UBS suggest a higher price target, which could counteract some of this pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100