Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Lam Research on Wednesday, setting a price target of $725, which is approximately 16.45% above the present share price of $622.59.
Rakesh expects Lam Research to post earnings per share (EPS) of $7.51 for the third quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Lam Research, with an average price target of $745.
The analysts price targets range from a high of $745 to a low of $745.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $3.85 billion and a net profit of $1.2 billion. The company's market cap is $88.79 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 24.7% and a 64.55% success rate.
Founded in 1980, California-based Lam Research Corp (NASDAQ:LRCX). manufactures, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning.