B. Riley raised the firm’s price target on Lam Research (LRCX) to $160 from $130 and keeps a Buy rating on the shares. Micron’s (MU) earnings report indicates increasing memory strength, the analyst tells investors in a research note. The firm like Lam’s multi-year “inflection positioning” in DRAM, NAND, and foundry citing its high historic memory exposure.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LRCX: