Raymond James lowered the firm’s price target on Lam Research (LRCX) to $90 from $100 and keeps an Outperform rating on the shares. Lam Research reported another strong quarter and offered well-above consensus Q4 outlook driven by continued recovery in NAND and more importantly, solid progress in Foundry, the analyst tells investors in a research note. The firm thinks Lam is well-positioned to outgrow the market driven by share gains and technology inflections.
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 price target lowered to $100 from $110 at TD Cowen
- Lam Research: Strong Q1 Performance and Optimistic Outlook Justify Buy Rating Despite Anticipated H2 Challenges
- Lam Research price target lowered to $70 from $78 at Deutsche Bank
- Lam Research Reports Strong Quarterly Growth
- Lam Research: Strong Market Position and Growth Potential Justify Buy Rating
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue