Market Whales and Their Recent Bets on ULTA Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a mixed sentiment on Ulta Beauty (NASDAQ:ULTA) with an equal split between bullish and bearish options trades. The trading activity suggests a target price range of $445.0 to $500.0 for ULTA over the next three months. The largest trades include both puts and calls with varying sentiments and strike prices. Ulta Beauty, a leading beauty retailer with a partnership with Target, has seen its stock price slightly increase by 1.0% to $444.4. Analysts have given ULTA an average target price of $601.4, with ratings ranging from Hold to Overweight.
April 04, 2024 | 1:47 pm
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Ulta Beauty has seen a balanced mix of bullish and bearish options trades, suggesting uncertainty among investors. However, the stock price has slightly increased, and analysts remain optimistic with a higher average target price.
The equal split between bullish and bearish options trades indicates a divided sentiment among investors, which could lead to short-term volatility. However, the slight increase in stock price and the optimistic view from analysts, with an average target price significantly above the current price, suggest a positive short-term outlook for ULTA.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100