Lam Research (LRCX) Tops Q4 EPS by 56c; offers guidance
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Lam Research (LRCX) PT Raised to $1,100 at JPMorgan
August 1, 2024 6:48 AM EDTJPMorgan analyst Harlan Sur raised the price target on Lam Research (NASDAQ: LRCX) to $1,100.00 (from $950.00) while maintaining a Overweight rating.
The analyst comments "Lam delivered strong Jun-Qtr revenue/margins/EPS results and in-line Sept-Qtr guidance (conservative in our view) as equipment spending fundamentals are set to grow in the 2H of the year and into CY25. CY24 WFE outlook was increased slightly (WFE up mid-single digits %) versus prior view of up low/mid single-digits% and LRCXs business profile... More
