Check Out What Whales Are Doing With LRCX
Portfolio Pulse from Benzinga Insights
A large bearish position on Lam Research (NASDAQ:LRCX) has been observed, with 58% of big-money traders being bearish and 41% bullish. Whales have been targeting a price range of $510 to $720 for LRCX over the last 3 months. UBS maintains a Buy rating with a price target of $725, while Wells Fargo maintains an Equal-Weight rating with a price target of $620.
June 07, 2023 | 7:16 pm
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A large bearish position has been observed in Lam Research (LRCX), with 58% of big-money traders being bearish. UBS maintains a Buy rating with a price target of $725, while Wells Fargo maintains an Equal-Weight rating with a price target of $620.
The large bearish position observed in Lam Research (LRCX) indicates that big-money traders expect the stock price to decline in the short term. This bearish sentiment, combined with the mixed analyst ratings from UBS and Wells Fargo, suggests that the stock price may face downward pressure in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100