A Glimpse Into The Expert Outlook On Lam Research Through 20 Analysts
Portfolio Pulse from Benzinga Insights
In the past three months, 20 analysts have provided diverse ratings for Lam Research (NASDAQ:LRCX), with a current average 12-month price target of $906.45, up 16.48% from the previous target. The ratings range from bullish to indifferent, with recent actions including raises and maintains by various analysts. Lam Research, a leading semiconductor equipment manufacturer, has seen a revenue decline of -28.79% as of December 31, 2023, but maintains strong financial health indicators such as a net margin of 25.39% and ROE of 11.73%.
April 02, 2024 | 2:01 pm
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Lam Research has received a mix of analyst ratings with an updated average 12-month price target of $906.45, indicating a positive outlook from analysts despite a significant revenue decline.
The increase in the average 12-month price target for LRCX, despite a recent revenue decline, suggests analysts see potential recovery or growth opportunities. The strong financial health indicators such as high net margin and ROE further support a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100