Needham analyst Charles Shi has maintained their bullish stance on LRCX stock, giving a Buy rating today.
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Charles Shi has given his Buy rating due to a combination of factors surrounding Lam Research’s recent strategic plans. The company recently unveiled its 2028 and 2030 target models, which were presented at the 2025 Investor Day. Despite some potential risks associated with these targets, Shi believes that Lam Research has the capability to meet them, even if the upside may be limited.
A key highlight of the target models is the ambitious gross margin target of 50%, which Shi views positively. Furthermore, there is confidence in the company’s operational expenditure planning and conservative share buyback strategies, both of which are expected to support strong growth in earnings per share. These factors contribute to Shi’s decision to maintain a Buy rating and adjust the price target to $96.
According to TipRanks, Shi is a 4-star analyst with an average return of 5.2% and a 44.97% success rate. Shi covers the Technology sector, focusing on stocks such as KLA, Lam Research, and Applied Materials.
In another report released today, Susquehanna also upgraded the stock to a Buy with a $125.00 price target.