Deutsche Bank Turns Bullish on Lam Research (LRCX) as Semiconductor Demand Surges

Lam Research Corporation (NASDAQ:LRCX) is one of the AI Stocks Investors Are Watching CloselyOn September 29, Deutsche Bank upgraded the stock to “Buy” from Hold with a price target increase to $150 from $100.

The firm stated that the semis company is best positioned amid a booming semiconductor-equipment market.

In particular, the firm believes that LRCX’s exposure to memory and leading-edge logic chips positions it for growth.

“Despite the impressive move in shares YTD (+77%) and even in the last 3 months (+31%), we believe LRCX is well positioned to outperform peers over the next twelve months given these cyclical and secular tailwinds.”

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor stock that offers semiconductor equipment and services used in the making of integrated circuits.

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