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ScienceSeeking Alphaabout 7 hours ago
Lam Research earns Buy rating with $360-$380 price targetLam Research earns a Buy rating with a 12-month price target of $360, $380, driven by industry leadership and AI-fueled chip complexity tailwinds. The company boasts a majority share in global etch and a robust deposition position, underpinned by high recurring service revenues. Lam Research's earnings normalization and secular growth justify a premium multiple, despite a trailing P/E of 63x and insider selling.
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