TD Cowen raised the firm’s price target on Lam Research (LRCX) to $290 from $170 and keeps a Buy rating on the shares. The firm said C26 WFE outlook of $135B was the key surprise, especially given cleanroom availability tightness.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 raised to $290 from $260 at RBC Capital
- Lam Research price target raised to $290 from $260 at Deutsche Bank
- Lam Research price target raised to $285 from $245 at BofA
- Lam Research price target raised to $310 from $255 at B. Riley
- Lam Research price target raised to $280 from $250 at Stifel