Lam Research Corp (NASDAQ: LRCX) stock suffered a major decline of -10.1% on 7/17/24. The shares closed at $967.68. Moreover, this decline was accompanied by exceptionally high trading volume at 234% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -13.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, LRCX is expected to continue to be a major Value Builder.
LAM Research has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. LAM Research has a slightly negative Appreciation Score of 38 but a very high Power Rating of 93, and the Positive Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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