Analysts are Revising Prices Targets for These 5 Stocks

Page 1 of 5

In this article, we discuss the 5 stocks that recently received revised price targets from analysts. If you want to see some more stocks on the list, go directly to Analysts are Revising Prices Targets for These 10 Stocks.

5. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 56

Evercore ISI lowered its price target for Lam Research Corporation (NASDAQ:LRCX) from $500 per share to $450 per share on Thursday, October 20. The research firm referred to recent tensions between the U.S. and China that could hurt the company’s growth.

The price-target cut came a day after Lam Research Corporation (NASDAQ:LRCX) warned that the latest ban on high-end chips to China could reduce its 2023 revenue in the range of $2 – $2.5 billion.

Lam Research Corporation (NASDAQ:LRCX) made these comments while discussing its financial results for the September quarter. The company reported adjusted earnings of $10.42 per share for the three months ended September 25, beating the consensus of $9.57 per share. The quarterly revenue of $5.07 billion also exceeded the expectations of $4.92 billion.

Page 1 of 5