AMD Stock Sees Analyst Boost and Active Options Trading
Analyst Boosts AMD Outlook
Advanced Micro Devices (AMD) has recently seen its stock price rise following a notable update from a major financial institution. Morgan Stanley, through its analyst Joseph Moore, raised its price target for AMD. This move signals a positive outlook from the firm.
Price Target Increased
Morgan Stanley increased its price target for AMD to $195, up from its previous target of $177. The firm maintained an "Overweight" rating on the stock. This upgrade by a prominent analyst often captures the attention of investors, influencing market sentiment.
Options Traders Eye Movement
Meanwhile, the options market for AMD shows a mix of activity, with both bullish and bearish sentiments observed. Recent trends in options trading suggest that traders are anticipating a significant move in AMD's stock price. This includes large block trades and sweeps, indicating active positioning by traders. While some are betting on further gains, others are preparing for potential declines, reflecting a dynamic environment around the stock.
