Smart Money Is Betting Big In CRM Options
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a significant bullish trend in Salesforce (NYSE:CRM) options trading, with a notable split between bullish and bearish sentiments among traders. The analysis highlights unusual trading activity, focusing on a price target range between $150 and $440. Recent trades include both calls and puts with varying sentiments and expiration dates. Salesforce's current market status shows a slight decrease in stock price, with anticipation of an earnings release in 41 days. Analyst ratings vary, with a consensus target price of $339, suggesting a neutral to positive outlook.
April 18, 2024 | 3:17 pm
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Significant bullish activity in Salesforce options trading has been observed, with a focus on a price target range of $150-$440. The stock is currently experiencing a slight decrease, trading at $273.88, with an anticipated earnings release in 41 days. Analyst ratings show a consensus target price of $339, indicating a neutral to positive outlook.
The observed bullish options trading activity, combined with the current slight decrease in stock price, suggests a potential for short-term price recovery, especially in anticipation of the upcoming earnings release. Analyst ratings further support this outlook, although the range of target prices indicates some uncertainty.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100