Lam Research Positioned For Growth Amid NAND Recovery And Advanced Packaging Strength, Analysts Highlight China Risks

BofA Securities analyst Vivek Arya reiterated the Buy rating on Lam Research LRCX, raising the price forecast to $92 from $88.Arya expresses confidence in Lam Research’s leverage to key tech trends, its strong exposure to a NAND recovery, and solid free cash flow generation.However, the analyst notes that while China is expected to normalize to 30% of the mix in December, ongoing risks from export controls remain, and gains in gross and operating margins appear limited.The analyst raises the earnings estima ...