Lam Research price target raised to $1,325 from $1,130 at B. Riley

B. Riley analyst Craig Ellis raised the firm’s price target on Lam Research to $1,325 from $1,130 and keeps a Buy rating on the shares, ahead of the July 8 through 11 SEMICON West industry event. The magnitude and pace of AI-led fundamental and financial acceleration seems unprecedented outside the late ’90s Internet 1.0 build-out, the analyst tells investors in a research note.