UBS Maintains Buy on Lam Research, Raises Price Target to $1130
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri maintains a Buy rating on Lam Research (LRCX) and raises the price target from $885 to $1130.
March 05, 2024 | 2:50 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
UBS analyst Timothy Arcuri has raised the price target for Lam Research from $885 to $1130 while maintaining a Buy rating.
The increase in price target by a reputable analyst such as Timothy Arcuri from UBS is a strong positive signal for Lam Research. It suggests a bullish outlook on the company's future performance and potential for stock price appreciation. This kind of endorsement typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100