Assessing Lam Research: Insights From 5 Financial Analysts
Portfolio Pulse from Benzinga Insights
Five financial analysts have recently updated their ratings on Lam Research (NASDAQ:LRCX), with a mix of opinions ranging from bullish to indifferent. The average 12-month price target for LRCX is now $734.00, up from the previous $670.00, with a high estimate of $800.00 and a low of $700.00. Analysts from Barclays, Morgan Stanley, Redburn Atlantic, JP Morgan, and B. Riley Securities have made adjustments to their ratings and price targets. Lam Research, a major semiconductor equipment manufacturer, has shown a revenue decline of -31.38% over the last quarter but maintains a strong net margin of 25.48% and an ROE of 10.92%. The company's debt-to-equity ratio is 0.62, indicating a higher level of debt.
January 16, 2024 | 7:01 pm
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Lam Research has received mixed analyst ratings with an increased average price target of $734. Despite a significant revenue decline, the company maintains strong profitability metrics. The stock may react to these mixed signals in the short term.
The mixed analyst ratings and the increase in the average price target suggest uncertainty but a positive outlook, which could lead to a neutral short-term impact on LRCX's stock price. The strong profitability metrics support a stable financial outlook, while the revenue decline may cause concern among investors. The high relevance is due to the direct mention and detailed analysis of LRCX in the article.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100