Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on Lam Research on Thursday, setting a price target of $750, which is approximately 18.11% above the present share price of $635.
Hosseini expects Lam Research to post earnings per share (EPS) of $7.51 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Lam Research, with an average price target of $740.
The analysts price targets range from a high of $750 to a low of $725.
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 $90.56 billion.
According to TipRanks.com, Susquehanna analyst Mehdi Hosseini is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.4% and a 56.67% 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.