This Is What Whales Are Betting On Lam Research
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Lam Research (NASDAQ:LRCX), with 56% of investors opening trades with bearish expectations. Whales have been targeting a price range from $580.0 to $700.0 for Lam Research over the last 3 months. The price of LRCX is down -3.41% at $663.0. Barclays, Citigroup, Mizuho, Morgan Stanley, and Stifel have maintained their ratings on Lam Research, with price targets ranging from $600 to $800.
August 11, 2023 | 3:30 pm
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NEGATIVE IMPACT
Bearish stance taken by a significant investor on Lam Research. Analysts maintain their ratings with price targets ranging from $600 to $800.
The bearish stance taken by a significant investor, along with the current price of LRCX being down -3.41%, indicates potential downward pressure on the stock. However, analysts maintaining their ratings and setting price targets ranging from $600 to $800 suggests a mixed outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100