Market Participants Recognise Lam Research Corporation's (NASDAQ:LRCX) Earnings Pushing Shares 30% Higher
Lam Research Corporation (NASDAQ:LRCX) shares have surged 30% in the last month, contributing to a remarkable 193% increase over the past year. Despite a high P/E ratio of 47.2x, indicating potential overvaluation, the company has shown strong earnings growth, with a 47% gain in the last year and an expected 15% annual growth over the next three years. Analysts believe the high P/E reflects positive investor sentiment and expectations for continued strong performance, although caution is advised due to inherent risks.
Simplywall·