Analyst Charles Shi from Needham maintained a Buy rating on Lam Research (LRCX – Research Report) and decreased the price target to $80.00 from $96.00.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Charles Shi has given his Buy rating due to a combination of factors including Lam Research’s strong performance in the first quarter of 2025 and its optimistic revenue guidance for the second quarter, which surpasses market expectations. Despite the anticipated decline in the latter half of the year due to macroeconomic uncertainties and potential tariff impacts, the company has demonstrated resilience in its market segments.
Shi acknowledges that while Lam Research is the only semiconductor capital equipment company forecasting a weaker second half, the company’s current performance and potential market positioning justify a Buy rating. The revised price target reflects a cautious yet optimistic outlook, considering both the company’s strengths and the broader market conditions.
In another report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $92.00 price target.