Analyst Scoreboard: 13 Ratings For Lam Research
Portfolio Pulse from Benzinga Insights
In the past three months, 13 analysts have provided ratings for Lam Research (NASDAQ:LRCX), with a mix of bullish and bearish perspectives. The average 12-month price target has decreased by 6.44%, indicating a negative shift in sentiment. Analysts have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Lam Research, a leading semiconductor wafer fabrication equipment manufacturer, has shown strong financial performance with a 20.71% revenue growth rate and high net margins, but faces challenges in debt management.
October 03, 2024 | 8:01 pm
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Lam Research has received mixed analyst ratings, with a decrease in the average price target by 6.44%. Despite strong financial performance, concerns over debt management persist.
The decrease in the average price target by 6.44% suggests a negative sentiment shift among analysts. Despite Lam Research's strong financial metrics, such as revenue growth and net margin, the concerns over debt management and the lowering of price targets by several analysts indicate potential short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100