Lam Research shares are trading higher after Raymond James raised its price target on the stock from $725 to $850.
Portfolio Pulse from Benzinga Newsdesk
Lam Research's stock (LRCX) is trading higher following an increase in price target from $725 to $850 by Raymond James.
January 19, 2024 | 5:38 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Raymond James increased its price target on Lam Research (LRCX) from $725 to $850, leading to a rise in the stock's trading price.
The increase in price target by a reputable financial services firm like Raymond James typically signals confidence in the company's future performance and growth potential. This can lead to increased investor interest and a short-term rise in stock price as market sentiment becomes more bullish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100