Autodesk's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a bullish trend in Autodesk's (NASDAQ:ADSK) options trading, with 69% of trades being bullish. The focus is on a price range of $220 to $290. The largest trades were bullish calls with expiration in January 2025, aiming for a strike price of $270. Autodesk's stock is currently at $248.88, with a neutral RSI and its next earnings report in 49 days. Analysts from Argus Research and RBC Capital have set target prices at $300 and $320, respectively.
April 04, 2024 | 3:31 pm
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Autodesk shows a bullish trend in options trading, with significant interest in the $220-$290 price range. Analysts have set target prices at $300 and $320, indicating potential upside.
The bullish trend in options trading, especially with the majority of trades being calls, suggests a positive outlook among traders. The analyst ratings with target prices significantly above the current stock price further support the potential for short-term price appreciation. The neutral RSI indicates that the stock is not currently overbought, suggesting room for growth. However, the upcoming earnings report could introduce volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100