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Stock impact report

Is Lam Research Stock Going to $1,050? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]

Lam Research Corporation (LRCX) 
Last lam research corporation earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lamresearch.com
Company Research Source: Yahoo! Finance
In his view, the stock is well positioned to break through the $1,000-per-share level, setting a new all-time-high share price. Stifel analyst feels Lam Research could touch a new record high In mid-April, Stifel Financial prognosticator Brian Chin raised his 12-month price target on Lam Research to $1,050 per share, adding an even $100 to his previous fair value estimation of $950. He maintained his buy recommendation on the cutting-edge chipmaking equipment specialist as he did so. The target suggests a nearly 12% upside for the stock over the next 12 months. Lam Research's recent popularity is due in large part to the explosive growth in interest regarding anything artificial intelligence (AI) -related. This has led to great interest from investors eager to profit from the sharp rise of the technology. The company is a key manufacturer of the equipment used by companies that make memory chips, a segment that will likely rocket higher in demand due to the high-bandwidth memory Show less Read more
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