Looking At Target's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in Target (NYSE:TGT) shows a predominantly bearish stance by investors, with 84% of trades being bearish. The activity suggests a price range of $55.0 to $260.0 for the next three months. Notable trades include a mix of bearish, neutral, and one bullish sentiment, with significant investments in calls. Target, the nation's sixth-largest retailer, is currently trading at $175.94, slightly down by -0.17%. Analysts have mixed opinions, with target prices ranging from $160 to $206, reflecting a cautiously optimistic outlook on the stock.
April 03, 2024 | 7:15 pm
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NEUTRAL IMPACT
Target's stock may experience volatility due to the recent unusual options activity indicating a bearish sentiment among investors. However, analyst ratings provide a cautiously optimistic outlook, suggesting potential resilience or recovery.
The bearish sentiment from the unusual options activity could lead to short-term volatility in Target's stock price. However, the range of analyst target prices and the company's strong retail position may buffer significant negative impacts, leading to a neutral short-term price direction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100