Citigroup Maintains Buy on Lam Research, Raises Price Target to $975
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik has reaffirmed a Buy rating on Lam Research (NASDAQ:LRCX) and increased the price target from $800 to $975, indicating a positive outlook on the company's stock.
January 25, 2024 | 8:09 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Citigroup has maintained a Buy rating on Lam Research and raised the price target to $975, suggesting a strong confidence in the company's future performance.
The increase in price target by a reputable analyst like Atif Malik from Citigroup typically signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and potentially drive up the stock price in the short term as market participants react to the positive endorsement.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100