LRCX Stock Sinks As Analysts Trim Targets, See Supply Constraints – But Longer-Term Bull Case Remains
The cuts followed better-than-expected fiscal first-quarter results, although analysts maintained positive ratings despite the company’s December-quarter outlook offering limited upside to expectations. Lam Research reported record quarterly revenue of $8.22 billion and adjusted EPS of $2.20, both ahead of Street estimates. BofA said Lam’s December-quarter outlook would have been stronger without industry supply constraints. Needham … Read more