This Is What Whales Are Betting On Lam Research
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Lam Research (NASDAQ:LRCX), with 68% of investors opening trades with bullish expectations. The whale has been targeting a price range from $530.0 to $665.0 for Lam Research over the last 3 months. The price of LRCX is up 1.84% at $634.77. Needham upgraded its action to Buy with a price target of $800, while UBS, B. Riley Securities, and JP Morgan maintained their Buy, Neutral, and Overweight ratings respectively.
November 03, 2023 | 8:00 pm
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POSITIVE IMPACT
Bullish stance by a whale investor and positive analyst ratings could drive Lam Research's stock price up in the short term.
The bullish stance by a whale investor indicates a strong belief in the company's potential growth. This, combined with positive analyst ratings, could attract more investors, driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100