Redburn Atlantic Initiates Coverage On Lam Research with Buy Rating, Announces Price Target of $800
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Timm Schulze-Melander has initiated coverage on Lam Research (LRCX) with a Buy rating and set a price target of $800.
November 22, 2023 | 11:09 am
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Lam Research received a Buy rating from Redburn Atlantic with a price target of $800, indicating a positive outlook from the analyst.
Analyst ratings, especially initiations of coverage with a Buy rating, can have a significant positive impact on a stock's short-term price as they often lead to increased investor interest and confidence in the company's future performance. The $800 price target suggests a substantial upside from current levels, which could attract investors looking for growth opportunities.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100