Lam Research (LRCX) saw its stock price surge by 8.04% during Thursday's intraday trading session, reflecting strong investor confidence in the semiconductor equipment maker.
The rally follows B. Riley's decision to raise its price target on Lam Research to $195 from $180 while maintaining a Buy rating. This upward revision signals analysts' optimism about the company's growth prospects and financial performance, driving increased buying activity in the stock.
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