Goldman Sachs analyst James Schneider initiated coverage of Lam Research (LRCX) with a Buy rating and $115 price target The firm initiated on the U.S. semiconductor capital equipment, storage, and foundry sectors with a balanced view. The he semiconductor capital equipment industry is in mid-cycle, with both headwinds and tailwinds creating relatively stable revenue dynamics across the sector, the analyst tells investors in a research note. Goldman sees more downside than upside risks, and thinks stable revenue through 2026 is the most likely outcome. It believes China represents more opportunity than threat for companies. Upside remains in the hard-disk-drive cycle with a recovery in NAND, Goldman contends. The analyst says NAND is due for a rebound into 2026.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade LRCXPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LRCX:
- Lam Research price target raised to $108 from $87 at Citi
- Lam Research price target raised to $87 from $82 at Morgan Stanley
- Lam Research price target raised to $115 from $90 at Cantor Fitzgerald
- Lam Research price target raised to $115 from $95 at B. Riley
- Lam Research price target raised to $110 from $80 at Oppenheimer