Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Lam Research Corp (NASDAQ: LRCX) weakened of late. LRCX’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/16/24, Lam Research Corp (NASDAQ: LRCX) stock declined by -2.1%, closing at $871.14. Trading volume in this decline was normal. Relative to the market the stock has been strong over the last nine months and has risen 9.0% 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 C (High Neutral). The Value Trend Rating reflects 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 good Power Rating of 84, resulting in the High Neutral Value Trend Rating.
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