Deutsche Bank analyst Melissa Weathers lowered the firm’s price target on Lam Research (LRCX) to $70 from $78 and keeps a Hold rating on the shares. For the second quarter in a row, Lam reported an “impressive beat and raise” quarter, the analyst tells investors in a research note. However, the firm says the “goodness appears somewhat temporary,” with management implying a material decline in the second half of 2025 on spending lumpiness across segments .
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Read More on LRCX:
- Lam Research Reports Strong Quarterly Growth
- Lam Research: Strong Market Position and Growth Potential Justify Buy Rating
- Closing Bell Movers: Robert Half down 15% after earnings miss
- Lam Research reports Q1 non-GAAP EPS $1.04 vs. 91c in the preceding quarter
- Lam Research sees Q2 EPS $1.10-$1.30, consensus 98c
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