A Closer Look at Snap's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
The options market for Snap (NYSE:SNAP) shows a mixed sentiment with a slight bullish tilt. Despite a recent price drop, analysts have set price targets between $8 and $11. The stock's RSI suggests it may be oversold, and the next earnings report is due in 43 days.
September 09, 2024 | 7:15 pm
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Snap's options market shows a mixed sentiment with a slight bullish tilt. Analysts have set price targets between $8 and $11, and the stock's RSI suggests it may be oversold. The next earnings report is due in 43 days.
The options market for Snap shows a slight bullish sentiment with 53% of trades being bullish. Analysts have set price targets between $8 and $11, indicating a neutral to slightly positive outlook. The RSI suggests the stock may be oversold, which could lead to a price correction. However, the recent downgrade by Cantor Fitzgerald to a Neutral rating and the current price drop of -1.68% suggest mixed short-term prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100