Lam Research (NASDAQ:LRCX) Trading Up 1.6% on Analyst Upgrade
Lam Research's stock rose 1.6% after Deutsche Bank raised its price target from $160 to $195, maintaining a buy rating. Other analysts also increased their targets, contributing to positive sentiment. Insider selling was noted, with significant transactions by Director Bethany Mayer and SVP Vahid Vahedi. Despite positive analyst ratings, options market shows bearish positioning, suggesting potential volatility. Overall, Lam Research is seen as a solid growth stock with AI-driven chip demand boosting prospects.
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