Needham Upgrades Lam Research to Buy, Announces $800 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has upgraded Lam Research (NASDAQ:LRCX) from Hold to Buy and announced a price target of $800.
October 13, 2023 | 10:00 am
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POSITIVE IMPACT
Lam Research has been upgraded to Buy from Hold by Needham, with a new price target of $800.
The upgrade from Needham is a positive signal for Lam Research. It indicates that the analyst believes the company's stock is likely to outperform in the future. The new price target of $800 also suggests a significant upside potential from the current price level. This could lead to increased investor interest and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100