Top Wall Street Forecasters Revamp Lam Research Expectations Ahead Of Q1 Earnings - Lam Research (NASDAQ:LRCX)

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] Group 2 - On September 16, Lam Research and JSR Corp. announced a non-exclusive cross-licensing and collaboration agreement aimed at accelerating next-generation semiconductor manufacturing [2] - Following the announcement, shares of Lam Research rose by 0.7%, closing at $145.04 [2] Group 3 - Analysts have provided various ratings and price target adjustments for Lam Research, with Barclays maintaining an Equal-Weight rating and raising the price target from $83 to $142 [5] - Mizuho maintained an Outperform rating, increasing the price target from $130 to $162 [5] - Stifel and Goldman Sachs both maintained Buy ratings, with Stifel raising the price target from $115 to $135 and Goldman Sachs from $115 to $160 [5] - B. Riley Securities also maintained a Buy rating, increasing the price target from $130 to $160 [5]