Check Out What Whales Are Doing With TGT

Financial giants have made a conspicuous bullish move on Target. Our analysis of options history for Target TGT revealed 8 unusual trades.

Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $240,923, and 2 were calls, valued at $244,293.

Latest Startup Investment Opportunities:

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 $150.0 to $175.0 for Target during the past quarter.

Volume & Open Interest Development

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 $150.0 to $175.0 over the preceding 30 days.

Target Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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 almost $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 performance.

Target's Current Market Status

• Trading volume stands at 564,731, with TGT's price down by -0.01%, positioned at $168.2.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 56 days.

What The Experts Say On Target

In the last month, 5 experts released ratings on this stock with an average target price of $173.6.

• Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Target with a target price of $180.
• Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Target with a target price of $195.
• Reflecting concerns, an analyst from Telsey Advisory Group lowers its rating to Outperform with a new price target of $160.
• Maintaining their stance, an analyst from Roth MKM continues to hold a Neutral rating for Target, targeting a price of $153.
• An analyst from JP Morgan has decided to maintain their Neutral rating on Target, which currently sits at a price target of $180.

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.