Lam Research is trading 7% up at $6.59, extending a recent rebound fueled by multiple analyst price target upgrades and positive outlooks on AI-driven demand.
- Analysts at Stifel, Mizuho, and TD Cowen recently raised their price targets, highlighting the company's strong fundamentals and exposure to wafer fab equipment (WFE) growth.
- The stock continues its positive momentum today, notably outperforming the broader semiconductor sector which is currently facing weakness.