Check Out What Whales Are Doing With LRCX
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Lam Research (NASDAQ:LRCX), with 72% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $490.0 to $750.0 for Lam Research over the last 3 months. The price of LRCX is down -1.35% at $654.7. Stifel has maintained their Buy rating on Lam Research, with a price target of $750.
September 12, 2023 | 6:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
A whale investor has taken a bearish stance on Lam Research (NASDAQ:LRCX), with 72% of the investors opening trades with bearish expectations. The price of LRCX is down -1.35% at $654.7. Stifel has maintained their Buy rating on Lam Research, with a price target of $750.
The bearish stance taken by a whale investor, along with the fact that 72% of the investors have opened trades with bearish expectations, indicates a potential downward pressure on the stock price in the short term. However, Stifel's maintained Buy rating with a price target of $750 provides a counterbalance, suggesting that the stock may still have upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100