Credit Suisse Maintains a Buy Rating on Lam Research (LRCX)


Credit Suisse analyst John Pitzer maintained a Buy rating on Lam Research (LRCX) on January 20 and set a price target of $278. The company’s shares closed on Friday at $147.55.

According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 18.6% and a 68.4% success rate. Pitzer covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Rudolph Technologies, and Brooks Automation.

Currently, the analyst consensus on Lam Research is a Moderate Buy with an average price target of $161.67.

See today’s analyst top recommended stocks >>

Lam Research’s market cap is currently $22.63B and has a P/E ratio of 11.08. The company has a Price to Book ratio of 4.25.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Lam Research Corp. engages in manufacturing and servicing of wafer processing semiconductor manufacturing equipment. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts