TD Cowen analyst Krish Sankar raised the firm’s price target on Lam Research (LRCX) to $340 from $290 and keeps a Buy rating on the shares. The firm said the bears will argue that there isn’t much upside to numbers after the strong June quarter guide and multiples are high. Cowen argues, customer demand and profitability remains supportive of continued increase in estimates, and can sustain the multiples for the company.
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