Lam Research (LRCX) Offers Medium-Term EPS Outlook
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Stifel Raises Price Target on Lam Research (LRCX) to $116 Following Analyst Day
November 21, 2016 10:03 AM ESTStifel reiterated a Buy rating on Lam Research (NASDAQ: LRCX), and raised the price target to $116.00 (from $110.00), following the company's analyst day. Management provided a much better-than-expected outlook for the March quarter and provided some thoughts on 2017 WFE spending and how it may be slightly more first... More
UBS Raises Price Target on Lam Research (LRCX) to $116
November 21, 2016 9:14 AM ESTUBS reiterated a Buy rating on Lam Research (NASDAQ: LRCX), and raised the price target to $116.00 (from $112.00), following the company's analyst day. Lam's new targeted served addressable market by FY19 is 37%, up from 34% this year as it has new growth from patterning. The company kept its Dec-16 quarterly guidance unchanged (shipments at $1.85B) but guided... More
Cowen Lifts PT on Lam Research (LRCX) to $105 Following Analyst Day
November 18, 2016 2:12 PM ESTCowen boosts its price target on Outperform-rated Lam Research (Nasdaq: LRCX) from $100 to $105 following today's analyst meeting.
The firm noted:
Like the steel companies during the industrial revolution, LRCX continues to fundamentally benefit from the shift to vertical transistor architectures. To that end, LRCX again increased its served market target due (again) to 3D NAND where timelines and technology... MoreUPDATE: Lam Research (LRCX) Shows Strength, Up 2.5%
November 18, 2016 11:35 AM EST(Updated - November 18, 2016 11:38 AM EST)
Lam Research (NASDAQ: LRCX) gained Friday, rising 2.5%. The company's analyst day meeting began at 9 a.m.
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