A Closer Look at Thermo Fisher Scientific's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Thermo Fisher Scientific (NYSE:TMO) has seen a balanced mix of bullish and bearish options trading, with significant activity suggesting a price target range of $530 to $560. The stock is currently trading at $541.52, down by -1.05%, and may be considered oversold based on RSI readings. Analysts have set an average price target of $636.67, with ratings from HSBC, Evercore ISI Group, and Goldman Sachs indicating a positive outlook. The anticipated earnings release in 6 days could influence future stock performance.
April 18, 2024 | 8:32 pm
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Thermo Fisher Scientific has seen balanced options trading and is currently considered potentially oversold. Analysts maintain a positive outlook with a higher average price target than the current trading price.
The balanced options trading indicates a mixed sentiment among traders, but the overall analyst ratings and the anticipation of the earnings release suggest a positive short-term outlook. The current RSI readings and the upcoming earnings report could be pivotal for TMO's stock price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100