Smart Money Is Betting Big In ADBE Options
Portfolio Pulse from Benzinga Insights
Financial giants are making bullish moves on Adobe (NASDAQ:ADBE) options, with 16 unusual trades identified. The majority of trades are calls, indicating a positive sentiment. The stock is currently trading at $497.39, with an average analyst price target of $610.0. An analyst from RBC Capital has lowered its rating to Outperform with a new price target of $610.
October 18, 2024 | 3:45 pm
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Adobe is seeing significant bullish options activity, with 16 unusual trades, mostly calls. The stock is trading at $497.39, with an analyst price target of $610.0. RBC Capital has adjusted its rating to Outperform.
The article highlights a significant amount of bullish options activity on Adobe, with a majority of trades being calls. This suggests positive sentiment among traders. The stock's current price is $497.39, and an analyst has set a price target of $610.0, indicating potential upside. RBC Capital's rating adjustment to Outperform further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100