Investment firm B. Riley has revised its price target for Lam Research Corporation (LRCX, Financial), adjusting it downwards from $108 to $90. Despite this reduction, the firm maintains a Buy rating on the semiconductor equipment maker's stock.
According to B. Riley, Lam Research's financial performance for the third fiscal quarter is anticipated to align with market expectations. However, the firm has flagged potential challenges for the company's fourth-quarter results, suggesting they could face some risks.
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 $92.89 with a high estimate of $125.00 and a low estimate of $75.00. The average target implies an upside of 45.69% from the current price of $63.76. 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 $68.54, suggesting a upside of 7.5% from the current price of $63.76. 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.
