Cowen Lifts PT on Lam Research (LRCX) to $100; Notes Strong Qtr., But WFE Run-Rate Not Sustainable

October 20, 2016 7:58 AM EDT
Get Alerts LRCX Hot Sheet
Price: $100.49 --0%

Rating Summary:
    17 Buy, 6 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 26 | Down: 16 | New: 13
Trade LRCX Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Cowen & Company lifts its price target on Outperform rated Lam Research (Nasdaq: LRCX) from $95 to $100 following Q1 results and outlook issued Wednesday night.

The firm commented today: LRCX continues to execute with incredible regularity and our new #s justify $100 target. On one hand, 3D NAND still only mid-innings worst-case and memory spend biased up again in '17, but on the flipside 7nm foundry is maybe even a more interesting/controversial theme going forward (favoring KLAC) and ~$38.5-40B/yr 2H:16 WFE run-rate is not sustainable.

For an analyst ratings summary and ratings history on Lam Research click here. For more ratings news on Lam Research click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Cowen & Co

Add Your Comment