This Is What Whales Are Betting On Salesforce
Portfolio Pulse from Benzinga Insights
Whales are showing a bearish stance on Salesforce (CRM) with 51% of options trades being bearish. The stock is currently trading at $247.27, down by 0.17%. Analysts maintain positive ratings with a consensus target price of $319.0.
September 05, 2024 | 6:17 pm
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NEGATIVE IMPACT
Whales are predominantly bearish on Salesforce with 51% of options trades reflecting this sentiment. Despite this, analysts maintain positive ratings with a consensus target price of $319.0.
The bearish sentiment from whales, indicated by 51% of options trades being bearish, suggests a potential short-term downward pressure on CRM's stock price. However, the positive analyst ratings and target price of $319.0 provide a counterbalance, indicating potential long-term confidence in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100