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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Lam Research Corporation (NASDAQ:LRCX) is one of the AI Stocks Investors Are Watching Closely. On September 29, Deutsche Bank upgraded the stock to “Buy” from Hold with a price target increase to $150 from $100.
The firm stated that the semis company is best positioned amid a booming semiconductor-equipment market.
In particular, the firm believes that LRCX’s exposure to memory and leading-edge logic chips positions it for growth.
“Despite the impressive move in shares YTD (+77%) and even in the last 3 months (+31%), we believe LRCX is well positioned to outperform peers over the next twelve months given these cyclical and secular tailwinds.”
Lam Research Corporation (NASDAQ:LRCX) is a semiconductor stock that offers semiconductor equipment and services used in the making of integrated circuits.
While we acknowledge the potential of LRCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Buzzing AI Stocks on Wall Street and 10 AI Stocks Shaping Wall Street’s Next Big Rally
Disclosure: None.
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