What the Options Market Tells Us About Adobe
Portfolio Pulse from Benzinga Insights
The options market shows a bullish stance on Adobe (NASDAQ:ADBE), with 60% of trades being bullish. Significant trades include calls and puts with a focus on a price range between $295 and $570. Analysts have given Adobe an average target price of $647.5, with current ratings from Piper Sandler and Bernstein being Overweight and Outperform, respectively.
July 15, 2024 | 2:16 pm
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The options market shows a bullish stance on Adobe with 60% of trades being bullish. Analysts have given Adobe an average target price of $647.5, with current ratings from Piper Sandler and Bernstein being Overweight and Outperform, respectively.
The majority of options trades are bullish, indicating positive sentiment among major market movers. Additionally, analysts have set high target prices, reinforcing the bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100