Morgan Stanley raised the firm’s price target on Lam Research (LRCX) to $81 from $78 and keeps an Equal Weight rating on the shares. The firm did not expect NAND to be the leading growth segment in calendar year 2025 given weakness in volumes, pricing, and utilization, but Lam sees customers investing to drive share in higher end NAND segments and guided well above consensus for March after seeing strength in Korea and NAND in the December quarter, the analyst tells investors in a post-earnings note.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LRCX:
- Lam Research price target lowered to $87 from $90 at Mizuho
- Lam upgraded to Overweight at Cantor Fitzgerald, says ‘too good to wait’
- Lam Research price target raised to $85 from $82 at Wells Fargo
- Lam Research upgraded to Overweight from Neutral at Cantor Fitzgerald
- Lam Research upgraded to Outperform from Market Perform at Bernstein