Raymond James Maintains Outperform on Lam Research, Raises Price Target to $950
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Srini Pajjuri has reaffirmed an Outperform rating on Lam Research (NASDAQ:LRCX) and increased the price target from $850 to $950, indicating a positive outlook on the company's stock.

January 25, 2024 | 12:28 pm
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Raymond James analyst Srini Pajjuri has maintained an Outperform rating on Lam Research and raised the price target to $950, suggesting confidence in the company's future performance.
The increase in price target by Raymond James reflects a bullish stance on Lam Research's stock, likely due to positive expectations about the company's future earnings, market position, or growth prospects. This type of analyst rating and price target adjustment can often lead to a short-term increase in stock price as it may influence investor sentiment and signal confidence in the company's value.
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