Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Lam Research on Wednesday, setting a price target of $575, which is approximately 4.04% above the present share price of $552.66.
Rakesh expects Lam Research to post earnings per share (EPS) of $5.67 for the first quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Lam Research, with an average price target of $577.71.
The analysts price targets range from a high of $660 to a low of $475.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $3.18 billion and a net profit of $961.06 million. The company's market cap is $79.59 billion.
According to TipRanks.com, Mizuho Securities analyst Vijay Rakesh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.9% and a 70.21% success rate.
Lam Research Corp (NASDAQ:LRCX). 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. The company was founded by David Lam on January 21, 1980 and is headquartered in Fremont, CA.