On 10/15/24, Lam Research Corp (NASDAQ: LRCX) stock suffered a major decline of -10.9%, closing at $76.36. Moreover, exceptionally high trading volume at 214% of normal accompanied the decline. The stock has declined -5.3% during the last week and has been weak relative to 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 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 good Appreciation Score of 80 but a slightly negative Power Rating of 37, and the High Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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