Wells Fargo analyst Joe Quatrochi raised the firm’s price target on Lam Research (LRCX) to $85 from $82 and keeps an Equal Weight rating on the shares. While shares are up post better-than-expected Q1 2025 guide, the firm thinks investors will continually struggle with no change to expected NAND capacity upgrades in 2025 despite what appear to be weakening end demand data points.
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 upgraded to Overweight from Neutral at Cantor Fitzgerald
- Lam Research upgraded to Outperform from Market Perform at Bernstein
- Lam Research Reports Strong Quarterly Growth
- Closing Bell Movers: Microsoft down 5%, Tesla up 4% after earnings
- Lam Research’s Aether selected by leading memory manufacturer