On Oct 25, major Wall Street analysts update their ratings for $Lam Research (LRCX.US)$, with price targets ranging from $90 to $110.
BofA Securities analyst Vivek Arya maintains with a buy rating.
Barclays analyst Thomas O'Malley maintains with a hold rating, and maintains the target price at $90.
Evercore analyst Mark Lipacis maintains with a buy rating, and adjusts the target price from $113 to $95.
DBS analyst Ling Lee Keng maintains with a buy rating.
B.Riley Financial analyst Craig Ellis maintains with a buy rating, and adjusts the target price from $132.5 to $110.
Furthermore, according to the comprehensive report, the opinions of $Lam Research (LRCX.US)$'s main analysts recently are as follows:
The near-term outcomes for Lam Research were generally in line with expectations, with declines in China being balanced by robust performance in other regions. Nonetheless, this does not answer the broader, more significant long-term inquiries. It is anticipated that Lam will surpass the growth of the wafer fab equipment group in the following year, but there is still a degree of caution regarding the overall market.
Lam Research's modestly better-than-expected results have provided some relief, with near-term concerns around China seemingly having been mitigated to an extent. The stock might continue to experience limited price movement until there is greater transparency regarding China's restrictions and the anticipated growth of the WFE market by 2025.
Here are the latest investment ratings and price targets for $Lam Research (LRCX.US)$ from 5 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
