20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Lam Research Corporation (NASDAQ:LRCX) shares are trading higher by 4.7% to $993.54 during Thursday's session. Shares of semiconductor stocks are trading higher in sympathy with Micron, which reported better-than-expected second-quarter financial results and issued strong third-quarter guidance.
Micron exceeded revenue expectations, achieving $5.82 billion in revenue. They also surprised analysts with a profit of 42 cents per share, surpassing estimates of a 25 cents per share loss. Operating cash flow notably increased year-over-year to $1.22 billion, but decreased from the previous quarter’s $1.4 billion. However, adjusted free cash flow was negative at $29 million for the quarter…Read More
See Also: Micron's Q2 Earnings Growth Fueled By AI — High Bandwidth Memory Investments Key
Will LRCX Stock Go Up?
When trying to assess whether or not Lam Research will trade higher from current levels, it's a good idea to take a look at analyst forecasts.
Wall Street analysts have an average 12-month price target of $902.58 on Lam Research. The Street high target is currently at $1130.0 and the Street low target is $750.0. Of all the analysts covering Lam Research, 10 have positive ratings, 9 have neutral ratings and no one has negative ratings.
In the last month, 4 analysts have adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Lam Research have performed in recent history.
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Lam Research is 89.29% up year-to-date. The average analyst price target suggests the stock could have further downside ahead.
For a broad overview of everything you need to know about Lam Research, visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.
LRCX has a 52-week high of $1,007.39 and a 52-week low of $478.77.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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