Stock To Watch: Lam Research Corporation (NASDAQ:LRCX)


The leading market experts have placed a mean price target of $95.11 on Lam Research Corporation (NASDAQ:LRCX) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.74 a share for the upcoming quarter and $6.19 for the current fiscal. Technical View The technical analysis of Lam Research Corporation plainly substantiates that the 50-day moving average of Lam Research Corporation is $84.70, and stock is hovering 5.35 or +6.32% distant from $84.70. It is noted that the 200-day MA is $77.72, and Lam Research Corporation stock is $12.33 or +15.87% off from this point. Lam Research Corporation (NASDAQ:LRCX) 52-week high is $91.50 and the 52-week low is $61.20. This explains if the stock moves $-1.45, it will post a 52-week high. In event of $+47.14% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Lam Research Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Lam Research Corporation (NASDAQ:LRCX) ratio came in at 20.04. The stock last ended the trading session at $90.05 and registered a market cap of $14.37B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Lam Research Corporation (NASDAQ:LRCX) PEG ratio is at 1.11.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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