Lam Research (LRCX) Plunges 6.17% on Downgrade, Despite UBS Price Target Hike

Generated by AI AgentAinvest Pre-Market Radar
Thursday, Jul 31, 2025 6:13 am ET1min read
Aime RobotAime Summary

- Lam Research's stock fell 6.17% pre-market after Summit Insights downgraded it to Hold, citing slowing wafer equipment demand.

- UBS raised its price target to $120, maintaining a 'Buy' rating despite the downgrade.

- Analysts remain divided, reflecting mixed investor sentiment amid Q2 results.

On July 31, 2025, Lam Research's stock experienced a significant drop of 6.17% in pre-market trading, reflecting a notable shift in investor sentiment.

Summit Insights recently downgraded Lam Research's stock rating from Buy to Hold, citing expectations of moderating wafer fabrication equipment demand. This change in rating comes after the company's Q2 results, which may have influenced investor confidence.

In contrast, UBS increased its price target for

from $95 to $120, maintaining a 'Buy' rating. This revision suggests that despite the recent downgrade, some analysts still see potential in the company's future performance.

Comments



Add a public comment...
No comments

No comments yet