This Is What Whales Are Betting On Lam Research
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lam Research (NASDAQ:LRCX) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is split between 34% bullish and 65% bearish. Whales have been targeting a price range from $330.0 to $720.0 for Lam Research over the last 3 months. Needham upgraded its action to Buy with a price target of $800 and UBS maintained their Buy rating on Lam Research, with a price target of $725.
October 16, 2023 | 8:15 pm
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A large investor has taken a bearish stance on Lam Research, with the overall sentiment of big-money traders being more bearish than bullish. However, Needham and UBS have given a Buy rating with price targets of $800 and $725 respectively.
The bearish stance taken by a large investor, along with the overall bearish sentiment of big-money traders, could potentially drive the stock price down in the short term. However, the Buy ratings and high price targets given by Needham and UBS could have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100