Morgan Stanley raised the firm’s price target on Lam Research (LRCX) to $82 from $81 and keeps an Equal Weight rating on the shares. Lam results and guidance are better than expected for the first half of the year given a strong surge in foundry, though the company continues to characterize calendar year 2025 as front half loaded and the firm budgets for second half declines, the analyst tells investors.
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Read More on LRCX:
- Lam Research price target raised to $95 from $90 at B. Riley
- Lam Research price target lowered to $95 from $110 at JPMorgan
- Lam Research: Strong Market Positioning and Growth Potential Amid Technological Advancements and Strategic Initiatives
- Lam Research price target lowered to $90 from $100 at Raymond James
- Lam Research price target lowered to $100 from $110 at TD Cowen
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