Why Lam Research (LRCX) is a Top Stock for the Long-Term
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
Headquartered in Fremont, CA, Lam Research Corporation supplies wafer fabrication equipment and services to the semiconductor industry. In addition, it serves the related markets that rely on semiconductor processes and require production-proven manufacturing capabilities, such as complementary metal-oxide-semiconductor image sensors and micro-electromechanical systems (MEMS).
Since being added to the Zacks Focus List on December 5, 2016 at $10.05 per share, shares of LRCX have increased 790.75% to $89.52.
For fiscal 2025, 12 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.27 to $4.00. LRCX boasts an average earnings surprise of 6.1%.
Earnings for Lam Research's are forecasted to see growth of 33.8% for the current fiscal year as well.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like LRCX, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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Lam Research Corporation (LRCX) : Free Stock Analysis Report
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