Barclays Maintains Equal-Weight on Lam Research, Raises Price Target to $750
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Equal-Weight rating on Lam Research (NASDAQ:LRCX) and increased the price target from $600 to $750.

January 16, 2024 | 5:32 pm
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Barclays has maintained an Equal-Weight rating on Lam Research but raised the price target from $600 to $750, indicating a positive outlook on the stock's value.
The increase in price target by Barclays reflects a positive reassessment of Lam Research's value, which could lead to increased investor confidence and a potential rise in the stock price in the short term. The Equal-Weight rating suggests that the stock is adequately valued at the moment, but the significant raise in the price target may still influence market perception positively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100