Analyst Scoreboard: 17 Ratings For Lam Research
Portfolio Pulse from Benzinga Insights
In the past three months, 17 analysts have provided ratings for Lam Research (NASDAQ:LRCX), showing a mix of bullish to indifferent sentiments. The average 12-month price target is $878.76, marking a 16.14% increase from the previous target of $756.67. Analysts have adjusted their ratings and price targets, reflecting their evolving views on the company's performance and market position. Lam Research, a leading semiconductor equipment manufacturer, faces a -28.79% revenue decline but maintains strong profitability indicators such as a 25.39% net margin and an 11.73% ROE.
February 20, 2024 | 6:01 pm
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POSITIVE IMPACT
Analysts have mixed sentiments on LRCX, with an updated average 12-month price target of $878.76, indicating a positive outlook. Despite a significant revenue decline, strong profitability metrics suggest resilience.
The increase in the average 12-month price target suggests analysts see potential for price appreciation, likely due to Lam Research's strong profitability metrics such as net margin and ROE, despite the revenue decline. This positive outlook from analysts, combined with the company's leading position in the semiconductor equipment industry, could drive short-term investor interest and support stock price growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100