Reported 2 days ago
BofA Securities has increased its price target for Lam Research Corp. (LRCX) from $90 to $100, citing strong demand in NAND and advanced DRAM markets, including DDR5 and HBM. Analyst Vivek Arya maintained a Buy rating after discussions at the Bank of America Global Technology Conference highlighted positive industry trends and potential growth in the wafer fab equipment market, projected to reach $100 billion. Despite concerns regarding China, Arya noted that major vendors see the region as 'de-risked' for 2025, with sales stabilizing at 25%–30%.
Source: YAHOO