Decoding Accenture's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Accenture (NYSE:ACN), with options activity indicating a divided mood: 20% bullish and 80% bearish. The activity suggests a price target range of $360 to $400 for the coming three months. Accenture's current trading volume is 671,108, with a price decrease of -0.92%, standing at $364.06. Analysts have set an average target price of $408.67, with mixed ratings from Mizuho, UBS, and Morgan Stanley.
February 13, 2024 | 6:15 pm
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NEUTRAL IMPACT
Accenture's bearish options activity contrasts with an average analyst target price of $408.67. Current price at $364.06 after a -0.92% drop. Ratings vary from Buy to Neutral to Overweight.
The bearish sentiment from options activity is counterbalanced by optimistic analyst target prices and mixed ratings. The current price dip may present a buying opportunity, but the divided sentiment suggests caution.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100