$LRCX Gaped Upward, Will hit Record High Soon?

Trend_Radar
2023-07-28

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1. $Lam Research(LRCX)$ Shows Daily and Weekly Breakout After Earnings

Chip gear stocks surged Thursday after $Lam Research(LRCX)$ reported better-than-expected June-quarter results and gave an upbeat outlook.

$Lam Research(LRCX)$ shares have added about 54.7% since the beginning of the year versus the $S&P 500(.SPX)$ gain of 19%. Will Thursday’s move may be followed by more bullish activity?

2. What Drives $Lam Research(LRCX)$ ‘s Prices Higher

3. More Discussion on $Lam Research(LRCX)$ ’s Future Trend and Target price

MMMCHARTING on @Twitter pointed that $Lam Research(LRCX)$ is loving the top of it’s trend line. But he is going to

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TraderFlorida @Twitter saide: $LRCX - up $60.00 from next suggested buy entry. Projected price target $679.00 area. Congratulations!

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4. Question for Tigers(All valid and top 10 most popular stocks are rewarded by Tiger Coins)

  • Will you take the time to consider $Lam Research(LRCX)$ to your Watch list? What’s your target price?

  • Any other stocks are shaping the same pattern?

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Comments

  • icycrystal
    2023-07-28
    icycrystal
    $Lam Research(LRCX)$ is worth considering. their stock has been doing well. the company has good fundamentals, good financial, good growth, good profits, etc. maybe if the price is around USD650-680 to buy [Thinking] [Thinking] [Thinking]
  • Shyon
    2023-07-28
    Shyon
    Lam Research, one of my favourite semiconductor companies! Simply a stable, innovative and profit making company. The stock price proves it itself, almost at its all time high now. My target price will be 800 followed by 1000! This is amazing.

    For those who don't know about LAM, Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices (transistors, capacitors) and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP) and for related manufacturing markets such as for microelectromechanical systems (MEMS).

    Come and join the event, my friends! @GoodLife99 @Aqa @SR050321 @icycrystal @Universe宇宙 @rL @koolgal

  • Aqa
    2023-07-28
    Aqa
    $Lam Research(LRCX)$ breaks out! Its share price has steadily gone up more than 55% this year. A good semiconductor maker with good growth record. Target price is now raised to USD 750. Thanos @Shyon @icycrystal @Universe宇宙 @GoodLife99 @StickyRice @koolgal @Fenger1188 @rL @SR050321
  • StickyRice
    2023-07-29
    StickyRice




    Lam Research, $Lam Research(LRCX)$ a company that designs, manufactures, and services semiconductor processing equipment, has seen its revenues increase by 409% over the last decade. The company's EPS has grown by 3000% over the same period, with analysts predicting continued growth in sales and EPS in the medium term. Despite short-term risks, including potential tensions between the US and China, LRCX's long-term prospects look bright due to increasing demand for semiconductors and strategic partnerships. The revenues of Lam Research have quintupled over the past decade as they increased by 409%. The company increases its sales as it sells more equipment due to the increased demand and increase in the price of the equipment. Moreover, the company is also engaged in M&A activity, which are mostly tactical acquisitions to improve the value proposition. My target is $800
  • icycrystal
    2023-07-28
    icycrystal
  • Universe宇宙
    2023-07-28
    Universe宇宙
    Target price: $750 to $800 by 11 Aug 2023. [Cool] Do your homework too!
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