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Shares of Lam Research Corp (LRCX) traded at $706.15 on October 10, 2023, surpassing the average analyst 12-month target price of $702.18. This increase signals potential shifts in analyst evaluations, especially as the stock approaches the previously set target.
The average price target is derived from 17 analysts, with projections ranging from a low of $575.00 to a high of $800.00, resulting in a standard deviation of $61.506. Current analyst ratings include 11 strong buy ratings, 1 buy rating, and 8 hold ratings, reflecting a predominantly positive outlook on the stock.
The overall average rating stands at 1.83 on a scale where 1 indicates strong buy and 5 indicates strong sell. There are currently no sell or strong sell ratings for the stock.
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