Lam Research Corporation (LRCX) Sees Deutsche Bank Upgrade Amid Strong Industry Demand

Core Viewpoint - Deutsche Bank upgraded Lam Research's stock rating to "Buy," reflecting confidence in the company's growth prospects driven by strong demand for wafer fabrication equipment [2][6] Group 1: Company Overview - Lam Research Corporation, listed on NASDAQ as LRCX, specializes in wafer fabrication equipment essential for manufacturing integrated circuits [1] - The company competes with industry giants such as Applied Materials and KLA Corporation [1] Group 2: Stock Performance and Market Sentiment - The current stock price of Lam Research is $222.41, reflecting a slight decrease of 0.25% [4] - The stock has traded between $217.61 and $226.15 today, with a yearly high of $229.57 and a low of $56.32, indicating volatility [4] Group 3: Financial Projections and Market Capitalization - Deutsche Bank raised the price target for Lam Research from $195 to $260, indicating a positive outlook [2][6] - Forecasts predict a 10-15% year-over-year growth in wafer fab spending, which is expected to boost Lam Research's sales and profit margins [3][6] - The company's market capitalization is approximately $279.35 billion, with a trading volume of 11.58 million shares [5][6] - Increased estimates for EBITDA and free cash flow further support the optimistic view of Lam Research's financial health [5]