Decoding Target's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Target (NYSE:TGT) as observed through unusual options activity. Benzinga's options scanner detected 45 uncommon trades, with 46% being bearish. Analysts maintain mixed ratings, with price targets ranging from $153 to $190.
August 19, 2024 | 5:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Unusual options activity on Target (NYSE:TGT) shows a bearish sentiment with 46% of trades being bearish. Analysts have mixed ratings with price targets ranging from $153 to $190.
The unusual options activity with a significant portion being bearish suggests that investors expect a potential decline in Target's stock price. This is further supported by the mixed analyst ratings, indicating uncertainty about the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100