Morgan Stanley (NYSE:MS) analyst Joseph Moore maintained a Buy rating on Lam Research on Monday, setting a price target of $553, which is approximately 12.47% above the present share price of $491.7.
Moore expects Lam Research to post earnings per share (EPS) of $5.67 for the fourth quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Lam Research, with an average price target of $465.27.
The analysts price targets range from a high of $600 to a low of $400.
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 $70.81 billion.
According to TipRanks.com, Morgan Stanley analyst Joseph Moore is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.9% and a 61.21% 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.