LRCX's AI-fueled demand for advanced memory, foundry and packaging tools could push Q4 gross margin above 50% for the first time.
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Lam Research (LRCX) concluded the recent trading session at $371.33, signifying a -9.33% move from its prior day's close.
I'm rating Lam Research (LRCX) a Strong Buy rating with a $497 price target, implying 28% upside from $389. My growth drivers are AI-driven WFE and SAM expansion, NAND conversion spending, DRAM and HBM-related deposition intensity, advanced packaging growth, and CSBG services. Together, I estimate these growth drivers can add about $1.11 of incremental EPS and drive the Forward non-GAAP EPS to $7.26.
Lam Research (LRCX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Does Lam Research (LRCX) have what it takes to be a top stock pick for momentum investors? Let's find out.
In the latest trading session, Lam Research (LRCX) closed at $369.34, marking a -5.03% move from the previous day.
LRCX's advanced packaging business gains traction as AI chip demand drives greater need for etch and deposition equipment.
Lam Research (LRCX) possesses solid growth attributes, which could help it handily outperform the market.