This Is What Whales Are Betting On Target

Financial giants have made a conspicuous bearish move on Target. Our analysis of options history for Target TGT revealed 10 unusual trades.

Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $243,815, and 5 were calls, valued at $140,725.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $85.0 to $140.0 for Target during the past quarter.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Target's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Target's substantial trades, within a strike price spectrum from $85.0 to $140.0 over the preceding 30 days.

Target 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

About Target

Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to nearly $30 billion—and has since cemented itself as a top U.S. retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.

After a thorough review of the options trading surrounding Target, we move to examine the company in more detail. This includes an assessment of its current market status and a synthesis of what experts and analysts are saying about the stock.

Target's Current Market Status

• Currently trading with a volume of 1,906,123, the TGT's price is up by 0.32%, now at $110.2.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 6 days.

What The Experts Say On Target

3 market experts have recently issued ratings for this stock, with a consensus target price of $148.33333333333334.

• An analyst from Tigress Financial persists with their Buy rating on Target, maintaining a target price of $180.
• In a positive move, an analyst from B of A Securities has upgraded their rating to Buy and adjusted the price target to $135.
• An analyst from Evercore ISI Group has decided to maintain their In-Line rating on Target, which currently sits at a price target of $130.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Target with Benzinga Pro for real-time alerts.