A Closer Look at Spotify Technology's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant interest in Spotify Technology (NYSE:SPOT) options, with a mix of bullish and bearish sentiments. The options activity includes 6 calls and 2 puts, indicating a focus on a price range between $290.0 and $390.0. Analysts have set an average price target of $414.8, with several maintaining a Buy or Outperform rating.
August 16, 2024 | 3:19 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Spotify Technology (NYSE:SPOT) has seen significant options activity, with a mix of bullish and bearish sentiments. Analysts have set an average price target of $414.8, with several maintaining a Buy or Outperform rating.
The significant options activity, combined with bullish analyst ratings and high price targets, suggests a positive short-term outlook for SPOT. The mix of calls and puts indicates divided sentiment, but the overall analyst consensus leans bullish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100