Lam Research (LRCX) Stock

Lam Research is set for long-term growth because of its strong position in semiconductor technology and its focus on cutting costs and providing smart services. However, there are some short-term risks, such as supply chain issues, increasing operational expenses, and geopolitical conflicts, especially with China. Currently, Lam Research seems undervalued, with a trailing P/E ratio of 23.16 and a forward P/E of 20.28.

Lam Research Corporation is expected to keep growing its revenue in FY25 because of high demand for DRAM and NAND technologies, as well as customer support services. The company's emphasis on using factories efficiently, improving operations, and developing AI technologies should help increase profit margins in the future. LRCX stock is currently undervalued compared to its competitors, making it a good buying opportunity due to its strong market position and potential for growth.

FREMONT, Calif., Nov. 21, 2024 /PRNewswire/ -- Lam Research Corp. (Nasdaq: LRCX) has announced that Doug Bettinger, the Executive Vice President and Chief Financial Officer, will take part in upcoming investor events. He will be speaking at the UBS Global Technology and AI Conference on December 3, 2024, at 1:15 p.m.

Wall Street believes that this stock, which is about to split, has the potential to outperform the market. Many experts are optimistic about its future performance. Investors might want to pay attention to this opportunity.

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This semiconductor equipment company has recently reported strong results and a positive forecast.

In the week before the first quarter earnings report for its 2025 fiscal year, Lam Research Corp. (NASDAQ: LRCX) saw its stock drop by almost 15%. Additionally, analysts have been reducing their price targets for LRCX due to worries about slowing growth, which could hinder the stock's ability to perform better than the market.

An industry expert predicts that the NAND memory market will expand in 2025, mainly due to Solid-State Devices and smartphones. Experts believe that NAND memory producers will raise their capital expenditures in 2025, which could greatly help Lam. The company's PEG ratio for the next year is 0.77, suggesting it may be undervalued.

BofA Securities analyst Vivek Arya has maintained a Buy rating for Lam Research (LRCX) and increased the price target from $88 to $92.