What the Options Market Tells Us About Verizon Communications
Portfolio Pulse from Benzinga Insights
Options market activity for Verizon Communications (NYSE:VZ) shows a bullish sentiment with 80% of trades being bullish. Significant options trades have targeted a price window of $38.0 to $47.0. Analysts have set an average price target of $42.33, with opinions ranging from Outperform to Neutral. Verizon's current stock price is $43.0, with an upcoming earnings announcement in 18 days.
April 04, 2024 | 4:46 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Verizon Communications shows bullish options activity, with a price target consensus of $42.33 from analysts. Current stock price is $43.0, with earnings expected soon.
The bullish sentiment in the options market, combined with the upcoming earnings announcement and the current stock price being above the average analyst price target, suggests a positive short-term outlook for Verizon Communications. However, the close proximity of the current stock price to the analyst average target and the potential for the stock being overbought could limit upside potential.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100