The leading market experts have placed a mean price target of $101.39 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 $1.80 a share for the upcoming quarter and $6.97 for the current fiscal.
The technical analysis of Lam Research Corporation plainly substantiates that the 50-day moving average of Lam Research Corporation is $91.77, and stock is trading $2.25 points away or +2.45% from its 50-day moving average of $91.77. Further it is trading $11.17 or +13.48% away its 200-day moving average of $82.85. Lam Research Corporation (NASDAQ:LRCX) 52-week high is $95.77 and the 52-week low is $61.20.
This explains if the stock moves $-1.75, it will post a 52-week high. In event of +53.63% 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 18.01.
The stock last ended the trading session at $94.02 and registered a market cap of $15.07B. 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 1.27.
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