Lam Research Unusual Options Activity For March 28
Portfolio Pulse from Benzinga Insights
Lam Research (NASDAQ:LRCX) has seen unusual options activity, with a split sentiment among investors: 50% bullish and 50% bearish. The activity includes 2 puts and 8 calls, with a significant move suggesting a price target between $920.0 and $1045.0. The trading volume and open interest indicate heightened interest in LRCX options. Analyst opinions on LRCX are mixed, with an average target price of $976.67, but Cantor Fitzgerald downgraded it to Neutral with a $900 target, while UBS maintains a Buy rating with a $1130 target. The stock's current price is $966.74, with an upcoming earnings announcement in 20 days.
March 28, 2024 | 3:01 pm
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Lam Research has seen unusual options activity indicating investor interest with a price target range of $920-$1045. Mixed analyst ratings with an average target of $976.67 and a current price of $966.74. Earnings announcement expected soon.
The unusual options activity, especially the bullish sentiment and the high price targets, suggests a positive short-term outlook for LRCX. However, the mixed analyst ratings and the upcoming earnings announcement add a layer of uncertainty. The high relevance is due to the direct mention and detailed analysis of LRCX's current market standing and expert opinions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100