JPMorgan analyst Harlan Sur raised the firm’s price target on Lam Research (LRCX) to $315 from $300 and keeps an Overweight rating on the shares. The company’s earnings report resets its near-term earnings bar and the multi-year wafer fab equipment framework, the analyst tells investors in a research note. JPMorgan upped Lam’s estimates and sees the company’s visibility extending into 2027 and 2028.
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Read More on LRCX:
- Lam Research price target raised to $275 from $255 at Barclays
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