This Is What Whales Are Betting On Visa
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Visa (NYSE:V), as observed from publicly available options history. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The whales have been targeting a price range from $155.0 to $265.0 for Visa over the last 3 months. Analysts from JP Morgan, Keybanc, and Raymond James have maintained their positive ratings on Visa with price targets of $293, $275, and $287 respectively, while HSBC and Wedbush have downgraded their actions to Hold and Outperform with price targets of $266 and $270 respectively.
October 25, 2023 | 6:15 pm
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A large bearish position has been taken on Visa, indicating potential downward pressure on the stock. However, several analysts maintain positive ratings with high price targets, which could counteract the bearish sentiment.
The large bearish position indicates that some investors expect Visa's stock price to decrease. However, the positive ratings and high price targets from several analysts suggest that there is still significant bullish sentiment for the stock. This mixed sentiment could lead to volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100