Wells Fargo analyst Joe Quatrochi raised the firm’s price target on Lam Research (LRCX) to $98 from $95 and keeps an Equal Weight rating on the shares. Expectations were high into EPS, the firm notes. While Lam delivered a strong beat/raise, shares are down after hours given 2025 WFE upside driven by Dom China upside, and implied December 2025 revenue -10% quarter-over-quarter, Wells adds.
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