Albemarle Stock Upgraded on Lithium Demand, Higher Prices

Core Viewpoint - Albemarle Corp's stock has seen a significant increase following an upgrade by Baird, reflecting strong lithium demand and higher prices [1] Group 1: Stock Performance - Albemarle's stock is currently trading at $162.03, up 2.5% after a price-target hike to $210 from $113 [1] - The stock has gained 167.5% over the last 12 months and recently reached a two-year high of $164.98 [2] - The stock is on track for its fourth consecutive gain, supported by the 20-day moving average since early November [2] Group 2: Analyst Sentiment - Nine out of 26 analysts still have a "hold" or worse rating, indicating potential for further bullish notes [1] - The 12-month consensus target price of $135.43 represents a 16.3% discount to current stock levels [1] Group 3: Options Market - An increase in optimism in the options market could provide additional support for Albemarle's stock [3] - The 50-day put/call volume ratio of 1.09 is higher than 93% of readings from the past year, indicating a shift in sentiment [3] - Options are currently affordably priced, as indicated by the Schaeffer's Volatility Index (SVI) of 55%, which is higher than just 12% of readings from the last year [4]