What 7 Analyst Ratings Have To Say About Lam Research
Portfolio Pulse from Benzinga Insights
Within the last quarter, 7 analysts have provided ratings for Lam Research (NASDAQ:LRCX), with 3 bullish, 2 somewhat bullish, and 2 indifferent. No somewhat bearish or bearish ratings were given. The average 12-month price target for LRCX is $752.86, with a high of $825.00 and a low of $700.00. This target has increased by 4.56% from the previous target of $720.00. Analyst ratings are derived from financial statements, company calls, and insider information, and are used to forecast stock performance.
December 08, 2023 | 2:00 pm
News sentiment analysis
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POSITIVE IMPACT
Lam Research received positive ratings from analysts, with an average 12-month price target of $752.86, reflecting a 4.56% increase from the previous target.
The increase in the average price target and the predominance of bullish ratings suggest a positive sentiment among analysts, which could lead to a short-term increase in investor confidence and potentially drive up the stock price of LRCX.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100