Lam Research rises after Q2 beat, analysts praise commentary on NAND
by
Contributor since / Followers
Contributor since / Followers
2 months ago
Sundry Photography/iStock Editorial via Getty Images
Shares of Lam Research (NASDAQ:LRCX) rose about 7% premarket on Thursday after fiscal second-quarter results and guidance exceeded expectations, which drew positive reactions from analysts.
Goldman Sachs maintained its Buy rating on the shares and raised the price target to $90 from $85.