On Oct 24, major Wall Street analysts update their ratings for $Lam Research (LRCX.US)$, with price targets ranging from $76 to $100.
Morgan Stanley analyst Joseph Moore maintains with a hold rating, and adjusts the target price from $92.9 to $76.
Wells Fargo analyst Joseph Quatrochi maintains with a hold rating, and maintains the target price at $85.
Evercore analyst Mark Lipacis maintains with a buy rating, and adjusts the target price from $113 to $95.
TD Cowen analyst Krish Sankar maintains with a buy rating, and adjusts the target price from $105 to $100.
Needham analyst Charles Shi maintains with a buy rating, and adjusts the target price from $113 to $100.
Furthermore, according to the comprehensive report, the opinions of $Lam Research (LRCX.US)$'s main analysts recently are as follows:
Lam Research's recent performance was mostly aligned with expectations, balancing decreases in China with robustness in other areas. However, this does not address more substantial, enduring uncertainties. It is anticipated that Lam will surpass the growth of the wafer fab equipment sector in the forthcoming year, yet a moderate stance on the broader market is maintained.
Lam Research's modest outperformance and slight raise in expectations were received more positively than anticipated, while near-term concerns regarding China may have been mitigated to some extent. The stock might continue to fluctuate within a certain price range until there is greater visibility on the restrictions in China and the pace of growth for the 2025 wafer fabrication equipment.
Here are the latest investment ratings and price targets for $Lam Research (LRCX.US)$ from 8 analysts:
Note:
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