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 .
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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