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 63% of recent trades being bearish. The targeted price range for Lam Research over the last 3 months is $530.0 to $645.0. The current price of LRCX is up 0.72% at $638.94. Wolfe Research has downgraded its action to Outperform with a price target of $825, while UBS maintains their Buy rating with a price target of $725.
October 11, 2023 | 6:46 pm
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NEGATIVE IMPACT
Bearish stance taken by a significant investor on Lam Research. Wolfe Research downgraded its action to Outperform with a price target of $825, while UBS maintains their Buy rating with a price target of $725.
The bearish stance taken by a significant investor, along with the downgrade by Wolfe Research, could potentially lead to a short-term decrease in the stock price. However, the maintained Buy rating by UBS and the current price increase could mitigate this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100