Evercore ISI Raises Lam Research Target Price
📊 LRCX — Piyasa Yorumu
▲ up · 70%Evercore ISI’s upward revision of its target price for LRCX can be viewed as positive news for the semiconductor equipment maker. Technical indicators also support a bullish trend: the stock price is above both the 20‑ and 50‑period simple moving averages (SMA20 and SMA50), the MACD line is above its signal line, and the relative strength index (RSI) sits above 60—close to over‑bought territory yet still indicating upside potential. A 2.4% rise in the last 24 hours further signals that short‑term momentum is continuing. However, the elevated RSI level suggests that a brief pullback could occur in the near term. Overall, a modest price uptick over the next one to three days is expected.