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Susquehanna Forecasts Strong Price Appreciation for Lam Research (NASDAQ:LRCX) Stock
Susquehanna has increased its price target for Lam Research (NASDAQ:LRCX) to $385 from $350, maintaining a “positive” rating and suggesting a 45.4% upside. This follows Lam Research’s strong Q3 earnings, which surpassed estimates, and positive Q4 guidance, largely driven by AI-fueled chip demand. Despite significant insider selling over the past 90 days, institutional investors hold a substantial 84.6% stake in the company.