Morgan Stanley raised the firm’s price target on Lam Research (LRCX) to $78 from $76 and keeps an Equal Weight rating on the shares. Following record Wafer Fab Equipment growth in 2024, lead by DRAM and China, the firm forecasts 2025 to be “a transition year” and projects the WFE market to decline 6% year-over-year as the industry digests capacity from 2024, the analyst tells investors.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LRCX:
- Lam Research issues statement on newly announced export regulations
- Early notable gainers among liquid option names on December 2nd
- U.S. Enacts Toughest Chip Export Controls to Curb China’s AI Ambitions
- Lam Research call volume above normal and directionally bullish
- Early notable gainers among liquid option names on November 29th