KeyBanc raised the firm’s price target on Lam Research (LRCX) to $105 from $95 and keeps an Overweight rating on the shares following the company’s analyst day. The firm notes Lam presented a strategic and operational roadmap to 2028, which it expects will double revenue and EPS to $26B and $6.50, respectively, and it also provided a framework that contemplates $30B-plus revenue and $8 EPS when the semiconductor industry reaches $1T.
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Read More on LRCX:
- Lam Research: Balancing Opportunities in NAND and Diversification Amid Market Challenges
- Lam Research upgraded to Positive at Susquehanna after analyst day
- Hold Rating for Lam Research Amid Mixed Investor Feedback and $40B 3D NAND Investment Uncertainties
- Lam Research price target raised to $110 from $100 at BofA
- Lam Research upgraded to Positive from Neutral at Susquehanna
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