Wafer Fab Equipment Sector To Reach $100B By FY25: Analyst Upgrades Applied Materials, Lam Research
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst Charles Shi has projected a growth in the Wafer Fab Equipments (WFE) sector, expecting it to reach $100 billion by 2025. Shi has upgraded Applied Materials, Inc. (AMAT) and Lam Research Corporation (LRCX) to 'Buy' from 'Hold', with price targets of $180 and $800 respectively. He believes AMAT's balanced exposure between memory and non-memory WFE will lead to growth in 2025, and LRCX will restore its market share to 15%+ by 2025.
October 13, 2023 | 6:16 pm
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Applied Materials, Inc. (AMAT) has been upgraded to 'Buy' from 'Hold' by Needham analyst Charles Shi, with a price target of $180. Shi believes AMAT's balanced exposure between memory and non-memory WFE will lead to growth in 2025.
The upgrade from 'Hold' to 'Buy' by a prominent analyst, along with a high price target, indicates a positive outlook for AMAT. The analyst's belief in AMAT's growth potential due to its balanced exposure in the WFE sector further strengthens this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Lam Research Corporation (LRCX) has been upgraded to 'Buy' from 'Hold' by Needham analyst Charles Shi, with a price target of $800. Shi believes LRCX will restore its market share to 15%+ by 2025.
The upgrade from 'Hold' to 'Buy' by a prominent analyst, along with a high price target, indicates a positive outlook for LRCX. The analyst's belief in LRCX's potential to restore its market share to 15%+ by 2025 further strengthens this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100