UBS Maintains Buy Rating for Lam Research: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has reaffirmed its Buy rating on Lam Research (NASDAQ:LRCX) and increased its price target from $885.00 to $1130.00. Despite a recent 1.16% decline in share price to $966.14, the new target suggests a potential 16.96% upside. Lam Research, a leading semiconductor equipment manufacturer, is noted for its dominance in etch technology and strong position in deposition, serving major chipmakers like TSMC, Samsung, Intel, and Micron.
March 05, 2024 | 5:00 pm
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UBS reaffirms Buy rating on Lam Research, raising price target to $1130 from $885. The adjustment reflects a potential 16.96% increase from the current price, highlighting confidence in Lam's market position and growth prospects.
The increase in price target by UBS reflects a strong vote of confidence in Lam Research's market position, technological leadership, and its relationship with top chipmakers. Given the company's strategic importance in the semiconductor manufacturing process, this analyst action could positively influence investor sentiment and drive short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100