Berenberg Bank analyst Tammy Qiu maintained a Buy rating on Lam Research (LRCX – Research Report) on May 3 and set a price target of $840.00. The company's shares closed last Friday at $478.23, close to its 52-week low of $449.50. According to TipRanks.com, Qiu is a 4-star analyst with an average return of 10.9% and a 54.4% success rate. Qiu covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Fiserv, and Adyen. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lam Research with a $644.44 average price target, implying a 35.2% upside from current levels.
https://www.tipranks.com/news/blurbs/berenberg-bank-thinks-lam-researchs-stock-is-going-to-recover?utm_source=advfn.com&utm_medium=referral
Lam Research (NASDAQ:LRCX)
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