RBC Capital Reiterates Their Buy Rating on Lam Research

By Carrie Williams

RBC Capital analyst Amit Daryanani reiterated a Buy rating on Lam Research (NASDAQ: LRCX) on July 27 and set a price target of $185. The company’s shares closed yesterday at $161.60, close to its 52-week high of $170.

According to TipRanks.com, Daryanani is a 4-star analyst with an average return of 18.4% and a 79.4% success rate. Daryanani covers the Consumer Goods 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 $200.86, representing a 24.3% upside.

In a report issued on July 27, KeyBanc also maintained a Buy rating on the stock with a $202 price target.

The company has a one year high of $170 and a one year low of $88.13. Currently, Lam Research has an average volume of 2.37M.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock.

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Lam Research Corp. engages in the manufacture and service of wafer processing semiconductor manufacturing equipment. Its products include front-end wafer processing, back-end wafer-level packaging, and other related products.