Price Over Earnings Overview: Lam Research
Portfolio Pulse from Benzinga Insights
Lam Research Inc. (NASDAQ:LRCX) stock has risen by 1.44% in the current session to $797.00, with a 2.96% increase over the past month and a 63.63% increase over the past year. The company's P/E ratio is lower than the industry average, suggesting it might be undervalued or have weaker growth prospects.
January 19, 2024 | 3:30 pm
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Lam Research's stock price has increased significantly over the past year and is currently trading higher. Its lower P/E ratio compared to the industry might attract investors looking for undervalued stocks.
The stock's recent performance and lower P/E ratio compared to its industry peers suggest that it might be undervalued, which could lead to increased investor interest and a potential short-term price increase.
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