Wells Fargo analyst Joe Quatrochi raised the firm’s price target on Lam Research (LRCX) to $85 from $82 and keeps an Equal Weight rating on the shares. While shares are up post better-than-expected Q1 2025 guide, the firm thinks investors will continually struggle with no change to expected NAND capacity upgrades in 2025 despite what appear to be weakening end demand data points.
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