Susquehanna Maintains Neutral on Lam Research, Raises Price Target to $880
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Mehdi Hosseini has maintained a Neutral rating on Lam Research (NASDAQ:LRCX) and increased the price target from $655 to $880.
January 29, 2024 | 3:47 pm
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POSITIVE IMPACT
Susquehanna has maintained a Neutral rating on Lam Research but raised the price target from $655 to $880, indicating a positive outlook on the stock's value.
The increase in price target by Susquehanna suggests an improved outlook on Lam Research's future performance, which could lead to increased investor confidence and a potential rise in the stock price in the short term. The Neutral rating indicates that the analyst believes the stock is fairly valued at its current price, but the significant raise in the price target could still influence investor sentiment positively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100