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Shares of Lam Research Corp (LRCX) recently surged past the average analyst 12-month target price of $433.62, trading at $434.97 per share. This shift signals a potential reassessment among analysts regarding future price targets based on business developments.
Currently, there are 16 analyst ratings for Lam Research, with a wide range of price targets: the lowest is $300, while the highest is $560, resulting in a standard deviation of $71.171. Notably, there are 11 strong buy ratings, 1 buy rating, and 6 hold ratings with no sell or strong sell ratings reported.
The average rating for LRCX is 1.69 (on a scale where 1 is Strong Buy and 5 is Strong Sell), indicating a positive outlook among analysts as of recent assessments.
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