Argus raised the firm’s price target on Lam Research (LRCX) to $120 from $105 and keeps a Buy rating on the shares. Lam Research topped consensus estimates for adjusted EPS and revenue, ending a solid growth year in fiscal 2025 after a down fiscal 2024, the analyst tells investors in a research note. Tariffs remain a wild card, although as of July 2025 semiconductors remained exempt from tariffs, the firm says.
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