What the Options Market Tells Us About e.l.f. Beauty
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish sentiment towards e.l.f. Beauty (NYSE:ELF) as indicated by significant options activity. The options market reveals a price target range of $90 to $310, with 70% of the activity being bullish. Analysts have set an average price target of $230.6, with some revising their ratings and targets. The stock is currently down 2.08% at $137.32, with RSI indicators suggesting it may be oversold.
September 04, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
e.l.f. Beauty (NYSE:ELF) sees significant bullish options activity, suggesting investor confidence. Analysts have set an average price target of $230.6, with the stock currently trading at $137.32, down 2.08%. RSI indicators suggest it may be oversold.
The significant bullish options activity indicates strong investor interest and potential upward movement in ELF's stock price. Analysts' price targets further support this sentiment. The current price drop and RSI indicators suggest a potential buying opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100