The average of price targets set by Wall Street analysts indicates a potential upside of 26.8% in Lam Research (LRCX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Zacks.com users have recently been watching Lam Research (LRCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
A solid financial performance, a strategic focus on AI-driven growth and discounted valuation make LRCX stock a prudent investment choice right now.
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I am downgrading Lam Research to a 'Hold' rating with a fair value of $73 due to increasing geopolitical risks. Despite strong Q3 results and robust demand for NAND technology, near-term growth may face volatility from potential tariffs and geopolitical tensions. Management's confidence in global Wafer Fab Equipment spending remains high, but pre-purchasing activities could impact FY26 growth.
Known for being a cyclical industry to begin with, many semiconductor stocks have been down significantly since the summer of 2024. And just as some investors were inching back into technology stocks, DeepSeek and tariffs came in to put a ceiling on chip stocks.
Megacap tech stocks are in rally mode today, including semiconductor concern Nvidia (NVDA).
LRCX fiscal third-quarter 2025 results reflect the benefits of strong product demand on the back of technology-driven upgrade cycles.
Lam Research Corporation (NASDAQ:LRCX ) Q3 2025 Earnings Conference Call April 23, 2025 5:00 PM ET Company Participants Ram Ganesh - VP, IR Timothy Archer - President and CEO Douglas Bettinger - EVP and CFO Conference Call Participants C.J. Muse - Cantor Fitzgerald Timothy Arcuri - UBS Harlan Sur - JPMorgan Stacy Rasgon - Bernstein Research Krish Sankar - TD Cowen Srinivas Pajjuri - Raymond James Atif Malik - Citi Vivek Arya - Bank of America Securities Blayne Curtis - Jefferies Mehdi Hosseini - SIG Joe Moore - Morgan Stanley Tom O'Malley - Barclays Timm Schulze-Melander - Redburn Atlantic Operator Good afternoon, and welcome to the Lam Research March 2025 Earnings Conference Call.
Lam Research (LRCX) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.78 per share a year ago.