Lam Research's stock rises despite mixed ratings, after a stronger-than-expected Q3 report.

Sanford C. Bernstein lowered Lam Research's price target to $85.00, indicating an 18.76% potential upside. Despite mixed analyst ratings, Lam Research's stock opened at $73.85 on Friday, up from $71.57. The company reported a stronger-than-expected Q3, with EPS of $0.86 and revenue of $4.17 billion. Lam Research also announced a quarterly dividend of $0.23, with an annual yield of 1.29%. The company has a market cap of $92.09 billion and an average analyst rating of "Moderate Buy."

November 29, 2024
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