P/E Ratio Insights for Lam Research
Portfolio Pulse from Benzinga Insights
Lam Research's stock has seen a 0.77% increase in the current session, trading at $82.69. Over the past month, it rose by 7.47%, and by 27.12% over the past year. The company's P/E ratio is lower than the industry average, suggesting potential undervaluation or lower growth expectations.
October 11, 2024 | 2:15 pm
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Lam Research's stock is trading at $82.69, with a recent increase of 0.77%. Its P/E ratio is lower than the industry average, which could indicate undervaluation or lower growth expectations.
The stock's recent price increase and lower P/E ratio compared to industry peers suggest potential undervaluation, which could attract investors looking for growth opportunities. However, it also indicates that the market may have lower growth expectations for Lam Research compared to its peers.
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