Analysts Offer Insights on Technology Companies: Rubicon Project (NYSE: RUBI) and Lam Research (NASDAQ: LRCX)

By Ryan Adsit

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Rubicon Project (NYSE: RUBI) and Lam Research (NASDAQ: LRCX).

Rubicon Project (NYSE: RUBI)

RBC Capital analyst Andrew Bruckner reiterated a Hold rating on Rubicon Project (NYSE: RUBI) today and set a price target of $6. The company’s shares opened today at $5.07, close to its 52-week low of $4.85.

According to TipRanks.com, Bruckner is a 5-star analyst with an average return of 23.5% and a 84.6% success rate. Bruckner covers the Technology sector, focusing on stocks such as Quotient Technology Inc, Rubicon Technology, and TripAdvisor Inc.

Rubicon Project has an analyst consensus of Hold, with a price target consensus of $6.65.

Lam Research (NASDAQ: LRCX)

RBC Capital analyst Amit Daryanani reiterated a Buy rating on Lam Research (NASDAQ: LRCX) today and set a price target of $145. The company’s shares opened today at $160.29, close to its 52-week high of $160.50.

According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 30.0% and a 90.2% success rate. Daryanani covers the Technology sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Benchmark Electronics.

Currently, the analyst consensus on Lam Research is Strong Buy and the average price target is $157.80, representing a -1.6% downside.

In a report issued on May 23, Credit Suisse also maintained a Buy rating on the stock with a $201 price target.

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