Smart Money Is Betting Big In WDAY Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown a predominantly bearish stance on Workday (NASDAQ:WDAY), with 75% of detected options trades being bearish. The trades range between bullish and bearish sentiments, with a notable volume in calls and puts indicating a price target range from $200.0 to $410.0. Workday, a cloud software company, has seen its stock price increase by 0.5% to $306.63, with an upcoming earnings report in 10 days. Industry analysts have set an average target price of $326.5 for WDAY, with specific targets from BMO Capital and JMP Securities at $338 and $315, respectively.
February 16, 2024 | 8:54 pm
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NEUTRAL IMPACT
Workday has seen a bearish sentiment from smart money investors, with a significant volume of options trades. The stock price has recently increased, and analysts have set optimistic target prices. An upcoming earnings report could further influence the stock's performance.
The bearish sentiment from options traders contrasts with the recent price increase and optimistic analyst target prices, indicating uncertainty. The upcoming earnings report is a critical event that could validate or contradict the bearish sentiment, thus the neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100