Lam Research (NASDAQ:LRCX) Trading 1.7% Higher Following Analyst Upgrade

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Lam Research (NASDAQ:LRCX) saw its shares rise 1.7% after Barclays increased its price target, alongside other firms, leading to a “Moderate Buy” consensus and an average target of $245.35. The company surpassed quarterly expectations with strong EPS and revenue, provided solid Q3 guidance, and announced a $0.26 quarterly dividend. Despite notable insider selling, significant institutional buying, S&P 100 inclusion, and reduced short interest indicate mixed but potentially supportive sentiment for the stock.

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