Stock Rating Downgrade
The Value Trend Rating for Lam Research Corp (NASDAQ: LRCX) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Lam Research Corp (NASDAQ: LRCX) stock closed at $827.12 on 9/27/24 after a decline of -2.4%. NORMAL trading volume accompanied the decline. The stock has risen 4.8% during the last week and has performed in line with the market over the last nine months.
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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. LAM Research has a neutral Appreciation Score of 41 and a neutral Power Rating of 41, and the Negative Value Trend Rating results.
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