Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Lam Research (LRCX) today and set a price target of $180. The company’s shares closed yesterday at $192.81.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 22.2% and a 64.0% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Western Digital.
Lam Research has an analyst consensus of Moderate Buy, with a price target consensus of $197.85.
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The company has a one-year high of $212.85 and a one-year low of $122.64. Currently, Lam Research has an average volume of 2.49M.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.
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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.
