UBS Raises Lam Research (LRCX) Target Price to $375 on June 10, Up 21% from Prior $310

According to BlockBeats, on June 10, UBS raised its target price for Lam Research (LRCX) to $375 from $310, maintaining its Buy rating. The increase follows strong third-quarter earnings reported by the semiconductor equipment maker in April, with revenue and earnings per share both exceeding expectations. The stock has been supported by surging semiconductor demand driven by AI expansion and rising expectations for wafer fabrication equipment spending.
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