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LRCX

Lam Research

$195.40

0.56 (0.29%)

07:29
04/25/19
04/25
07:29
04/25/19
07:29

Lam Research price target raised to $236 from $226 at KeyBanc

KeyBanc analyst Weston Twigg raised his price target for Lam Research to $236 from $223 after the company posted a "solid" Q3 beat and guided Q4 moderately above consensus, and as he sees compelling EPS upside potential. The analyst reiterates an Overweight rating on the shares.

  • 29

    May

LRCX Lam Research
$195.40

0.56 (0.29%)

04/23/19
NEED
04/23/19
NO CHANGE
Target $215
NEED
Buy
Lam Research, Applied Materials price targets raised at Needham
Needham analyst N. Quinn Bolton raised his price target on Buy-rated Lam Research (LRCX) to $215 from $180 and Applied Materials (AMAT) to $52 from $45 as part of his broader industry research note on semiconductor names. The analyst states that while the WFE trough is likely to be prolonged with capital expenditures falling by 19% in 2019, he sees investors "largely looking past near-term results with an eye towards a spending recovery in 2020 and beyond." Bolton recommends that investors use any near-term earnings-driven weakness in Lam Research and Applied Materials as a buying opportunity.
04/23/19
RBCM
04/23/19
NO CHANGE
Target $220
RBCM
Outperform
Lam Research price target raised to $220 from $190 at RBC Capital
RBC Capital analyst Mitch Steves raised his price target on Lam Research to $220 and kept his Outperform rating ahead of its Q3 earnings, saying that while the near-term results may be a "tad light" given the latest Micron (MU) print and guide, investors will likely focus on the commentary around second-half of 2019 demand trends. The analyst believes that a below-consensus Q3 earnings print may not move the stock lower "materially" if the management conveys expectations of a second-half improvement or if Lam Research guides Q4 EPS above $3.25 per share.
04/22/19
04/22/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. IPG Photonics (IPGP) upgraded to Buy from Neutral at BofA/Merrill. 2. Caleres (CAL) upgraded to Buy from Hold at Needham with analyst Rick Patel saying that his recent meeting with its CEO and CFO have given him an added confidence about the FY19 EPS guidance being "achievable and likely beatable." 3. Viavi (VIAV) upgraded to Neutral from Underweight at JPMorgan with analyst Samik Chatterjee saying the "buildup of industry tailwinds" in the form of 5G network deployments as well as fiber densification and adoption of 3D Sensing should drive medium-term growth above expectations. 4. Alcoa (AA) upgraded to Buy from Hold at Gabelli. 5. Lam Research (LRCX) upgraded to Buy from Neutral at B. Riley FBR with analyst Craig Ellis saying he sees "increasingly visible recent signs" of a cyclical trough in Q1. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/22/19
RILY
04/22/19
UPGRADE
Target $235
RILY
Buy
B. Riley FBR upgrades Lam Research to Buy on signs of cyclical trough
B. Riley FBR analyst Craig Ellis upgraded Lam Research to Buy from Neutral and raised his price target for the shares to $235 from $170. The analyst sees "increasingly visible recent signs" of a cyclical trough in Q1. Further, his analysis shows a "strong" NAND wafer start rebound is likely in 2020 after 2019's year-over-year drop. In addition, Lam's $5B share buyback could bring upside to consensus estimates, Ellis tells investors in a research note. He projects in-line fiscal Q3 estimates from Lam and sees only moderate estimate risk for Q4.

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