Key Highlights:
- Lam Research's (LRCX, Financial) robust third-quarter performance, driven by AI chip demand, boosts its stock price by 4.5% in after-hours trading.
- The company projects an increase in fourth-quarter revenue to $5 billion, headline by substantial orders from Taiwan Semiconductor.
- Wall Street analysts are optimistic with an average target price of $91.17, indicating a potential 36.63% upside.
Lam Research Corp (LRCX) has recently reported impressive third-quarter financial results, achieving a revenue of $4.72 billion. This outperformance is attributed to the surging demand for AI chips, a key growth area for the company. The positive earnings report has sparked a 4.5% rise in the stock during after-hours trading. Furthermore, Lam Research is forecasting an optimistic $5 billion revenue for the fourth quarter, propelled by increased orders from prominent clients, including Taiwan Semiconductor.
Wall Street Analysts Forecast
Delving into analyst predictions, 25 financial experts have set a one-year price target for Lam Research Corp (LRCX, Financial) with an average estimate of $91.17. The projections range from a high of $125.00 to a low of $70.00. This average target suggests a notable upside potential of 36.63% from the current trading price of $66.73. For a more comprehensive analysis, visit the Lam Research Corp (LRCX) Forecast page.
According to data compiled from 30 brokerage firms, Lam Research Corp (LRCX, Financial) enjoys an average brokerage recommendation of 2.0, classified as "Outperform." This rating falls on a scale where 1 signifies a Strong Buy, and 5 indicates a Sell recommendation, highlighting a positive consensus among analysts.
Further analysis from GuruFocus suggests an estimated GF Value for Lam Research Corp (LRCX, Financial) at $68.54 over the next year. This points to a 2.71% upside from the current stock price of $66.73. The GF Value reflects GuruFocus' calculation of the stock's fair trading value, considering historical multiples, past business growth, and projected future performance. For additional detailed insights, refer to the Lam Research Corp (LRCX) Summary page.
