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Technology Stocks : Semi Equipment Analysis
SOXX 306.55+0.4%Oct 31 5:00 PM EST

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Sam
Sun Tzu
To: Return to Sender who wrote (71397)4/20/2023 9:06:41 AM
From: Return to Sender2 Recommendations  Read Replies (1) of 95342
 
Lam Research (LRCX) Receives a Hold from Bernstein
Lam Research (LRCX) Receives a Hold from Bernstein - TipRanks.com

In a report released today, Stacy Rasgon from Bernstein maintained a Hold rating on Lam Research ( LRCXResearch Report), with a price target of $500.00. The company’s shares closed yesterday at $491.02.

According to TipRanks, Rasgon is a 4-star analyst with an average return of 9.8% and a 58.05% success rate. Rasgon covers the Technology sector, focusing on stocks such as Nvidia, Intel, and Qualcomm.

In addition to Bernstein, Lam Research also received a Hold from Barclays’s Blayne Curtis in a report issued today. However, yesterday, Evercore ISI upgraded Lam Research (NASDAQ: LRCX) to a Buy.

See the top stocks recommended by analysts >>

Based on Lam Research’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.28 billion and a net profit of $1.47 billion. In comparison, last year the company earned a revenue of $4.23 billion and had a net profit of $1.19 billion

Always a good sign that things are as bad as they can get when a stock rises despite downgrades! RtS
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