UBS has revised its price target for Lam Research (LRCX, Financial), adjusting it to $90 from the previous $95. Despite the reduced target, the firm maintains its Buy rating for the company's shares. This adjustment comes as part of an earnings preview for the semiconductor sector, where UBS analysts have hinted at the possibility of a rally within the industry. UBS's analysis reflects an optimistic outlook for semiconductors, despite the recent target adjustment for Lam Research.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for Lam Research Corp (LRCX, Financial) is $94.21 with a high estimate of $125.00 and a low estimate of $75.00. The average target implies an upside of 39.61% from the current price of $67.48. More detailed estimate data can be found on the Lam Research Corp (LRCX) Forecast page.
Based on the consensus recommendation from 30 brokerage firms, Lam Research Corp's (LRCX, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Lam Research Corp (LRCX, Financial) in one year is $68.85, suggesting a upside of 2.03% from the current price of $67.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Lam Research Corp (LRCX) Summary page.
