JP Morgan Maintains Overweight on Lam Research, Raises Price Target to $950
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur maintains an Overweight rating on Lam Research (LRCX) and raises the price target from $900 to $950.
April 25, 2024 | 4:22 pm
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JP Morgan analyst Harlan Sur reaffirms an Overweight rating on Lam Research and increases the price target to $950.
The upgrade in price target by a reputable analyst like Harlan Sur from JP Morgan is a strong positive signal for Lam Research. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100