What the Options Market Tells Us About PepsiCo
Portfolio Pulse from Benzinga Insights
The options market shows a bullish stance on PepsiCo (NASDAQ:PEP) with 55% of trades being bullish. The major market movers are focusing on a price band between $95.0 and $185.0. Currently, PEP is trading at $166.14, up by 1.42%. An analyst from Barclays maintains an Overweight rating with a target price of $180.
June 17, 2024 | 8:15 pm
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The options market indicates a bullish sentiment for PepsiCo with 55% of trades being bullish. The stock is currently trading at $166.14, up by 1.42%. Barclays maintains an Overweight rating with a target price of $180.
The majority of options trades are bullish, indicating positive market sentiment. The stock's current upward movement and the analyst's Overweight rating with a higher target price further support a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100