Stock Rating Downgrade
In the last week the Value Trend Rating for Lam Research Corp (NASDAQ: LRCX) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Lam Research Corp (NASDAQ: LRCX) stock increased 1.0% on 10/11/24. The shares closed at $82.89. However, trading volume in this advance was unusually low at 54% of normal. The stock has been weak relative to the market over the last nine months but has risen 2.2% 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). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. LAM Research has a good Appreciation Score of 80 but a slightly negative Power Rating of 37, leading to the High Neutral Value Trend Rating.
Be the first to comment