Target Unusual Options Activity For March 25
Portfolio Pulse from Benzinga Insights
Recent options activity on Target (NYSE:TGT) shows a bearish sentiment among investors, with 60% of trades being bearish. The options trades range between $140.0 to $180.0 strike prices, with notable trades in both calls and puts. Target is currently trading at $170.0, up by 0.81%, with a neutral RSI. Analysts have given Target an average target price of $191.2, with ratings ranging from Neutral to Buy. Target, the nation's sixth-largest retailer, boasts over $100 billion in sales and operates over 1,900 stores.

March 25, 2024 | 8:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Target's bearish options activity contrasts with analysts' optimistic target prices, indicating mixed market sentiment. Currently trading at $170, with a neutral RSI and an upcoming earnings release in 51 days.
The bearish options sentiment is balanced by positive analyst ratings and Target's strong retail presence. The neutral RSI and the upcoming earnings release add uncertainty, making the short-term impact neutral.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100