Cantor Fitzgerald analyst C.J. Muse raised the firm’s price target on Lam Research (LRCX) to $120 from $115 and keeps an Overweight rating on the shares after meeting with management. The company has seen no changes in visibility from its leading-edge customers while China demand is getting stronger into the September quarter, the analyst tells investors in a research note. Cantor now sees Lam’s stretch goal earnings per share of $6.00 in 2026 as “very doable.” The stock remains a top pick at the firm.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LRCX:
- Applied Materials Stock (AMAT) Tanks as Analysts Downgrade after Weak Guidance
- Applied Materials downgraded to Neutral at BofA on company specific headwinds
- Closing Bell Movers: UnitedHealth jumps 10% as Berkshire, Appaloosa buy weakness
- Kratos, CVS Health upgraded: Wall Street’s top analyst calls
- Lam Research resumed with a Buy at Erste Group