BofA raised the firm’s price target on Lam Research (LRCX) to $330 from $285 and keeps a Buy rating on the shares. After Lam reported a “solid” sales and pro-forma EPS beat and “even better” look ahead for the June quarter guidance, the firm raised its calendar year 2026 and 2027 EPS estimates by 12% and 33%, respectively, the analyst tells investors.
Claim 55% Off TipRanks
Trade LRCX with leveragePublished 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 $325 from $300 at Stifel
- Lam Research price target raised to $315 from $300 at Citi
- Lam Research price target raised to $385 from $350 at Susquehanna
- Lam Research price target raised to $290 from $262 at Goldman Sachs
- Lam Research price target raised to $315 from $300 at JPMorgan