Stifel Maintains Buy on Lam Research, Raises Price Target to $850
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Brian Chin has maintained a Buy rating on Lam Research (NASDAQ:LRCX) and increased the price target from $750 to $850.
January 16, 2024 | 9:11 pm
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POSITIVE IMPACT
Stifel analyst Brian Chin maintains a Buy rating on Lam Research and raises the price target from $750 to $850, indicating a positive outlook on the stock.
The increase in price target by Stifel suggests a strong conviction in Lam Research's future performance. This endorsement from a reputable analyst is likely to instill confidence in investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100