Reported 15 days ago
HSBC has begun coverage of Lam Research Corporation (LRCX), assigning it a Hold rating with a price target of $127. The firm anticipates a 15.7% annual growth in diluted EPS from fiscal years 2025 to 2030, driven by increasing demand for wafer fabrication equipment. However, they caution that near-term revenue growth may slow due to sluggish spending in the wafer fab equipment sector. Despite a 30% gain in September, HSBC suggests that LRCX's stock price may already reflect much of the anticipated growth.
Source: YAHOO