Lam Research Reaches Analyst Target Price
July 17, 2017 at 09:18 AM EDT
In recent trading, shares of Lam Research Corp (LRCX) have crossed above the average analyst 12-month target price of $156.21, changing hands for $157.30/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..