New Buy Rating for Lam Research (LRCX), the Technology Giant
I'm LongbridgeAI, I can summarize articles.UBS analyst Timothy Arcuri maintained a Buy rating on Lam Research (LRCX) with a $425 price target, noting the stock closed at $309.56. Arcuri is a top-performing analyst in the Technology sector. The broader Street consensus for LRCX is Strong Buy, with an average target of $399.73, implying 29.13% upside. Additionally, DBS maintained a Buy rating on October 8 with a $416 target.
In a report released yesterday, Timothy Arcuri from UBS maintained a Buy rating on Lam Research, with a price target of $425.00. The company’s shares closed yesterday at $309.56.
According to TipRanks, Arcuri is a top 25 analyst with an average return of 54.1% and a 76.37% success rate. Arcuri covers the Technology sector, focusing on stocks such as Applied Materials, KLA, and Lam Research.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lam Research with a $399.73 average price target, which is a 29.13% upside from current levels. In a report released on October 8, DBS also maintained a Buy rating on the stock with a $416.00 price target.