Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Lam Research on Monday, setting a price target of $700, which is approximately 5.85% above the present share price of $661.32.
Rakesh expects Lam Research to post earnings per share (EPS) of $8.32 for the fourth quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Lam Research, with an average price target of $686.21.
The analysts price targets range from a high of $790 to a low of $575.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $4.3 billion and a net profit of $1.37 billion. The company's market cap is $93.11 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 32.5% and a 73.02% 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.