A Closer Look at Target's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
The options market for Target (NYSE:TGT) shows a bearish sentiment among large investors, with 55% of trades being bearish. The price range targeted by these trades is between $140.0 and $175.0. Analysts have mixed ratings on Target, with price targets ranging from $116 to $185.
June 04, 2024 | 8:01 pm
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The options market for Target (NYSE:TGT) indicates a bearish sentiment among large investors, with 55% of trades being bearish. The price range targeted by these trades is between $140.0 and $175.0. Analysts have mixed ratings on Target, with price targets ranging from $116 to $185.
The majority of options trades are bearish, indicating that large investors expect the stock price to decline. This sentiment is likely to put downward pressure on the stock in the short term. Additionally, mixed analyst ratings add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100