Check Out What Whales Are Doing With TGT
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected unusual options activity for Target Corporation (NYSE:TGT), with a mix of bullish and bearish sentiments among big-money traders. There were 8 significant options trades, with 5 puts totaling $690,988 and 3 calls totaling $102,747. The trades suggest a price target range of $130 to $145 for TGT. The company is the sixth-largest retailer in the U.S., operating over 1,900 stores and generating over $100 billion in sales. TGT's stock is slightly up with a potential overbought RSI indicator. Analysts from Wells Fargo and Morgan Stanley have overweight ratings on TGT with price targets of $155 and $165, respectively.
January 16, 2024 | 8:46 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Target Corporation (NYSE:TGT) observed with unusual options activity, indicating mixed sentiments but a bullish outlook from analysts with price targets above current trading price. The company's strong retail presence and recent stock performance may attract investor interest.
The unusual options activity, particularly the bullish trades, combined with overweight ratings and higher price targets from analysts, suggest a positive short-term impact on TGT's stock price. However, the mixed sentiments in the options market and the potential overbought RSI indicator introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100