Top Wall Street Forecasters Revamp Lam Research Expectations Ahead Of Q1 Earnings

Group 1 - Lam Research Corporation is set to release its third-quarter earnings results on October 22, with expected earnings of $1.22 per share, an increase from $0.86 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $5.23 billion, compared to $4.17 billion a year earlier [1] - On September 16, Lam Research and JSR Corp. announced a non-exclusive cross-licensing and collaboration agreement to enhance next-generation semiconductor manufacturing [2] Group 2 - Barclays analyst Tom O'Malley maintained an Equal-Weight rating and raised the price target from $83 to $142 [5] - Mizuho analyst Vijay Rakesh maintained an Outperform rating and increased the price target from $130 to $162 [5] - Stifel analyst Brian Chin maintained a Buy rating and raised the price target from $115 to $135 [5] - Goldman Sachs analyst Toshiya Hari maintained a Buy rating and increased the price target from $115 to $160 [5] - B. Riley Securities analyst Craig Ellis maintained a Buy rating and raised the price target from $130 to $160 [5]