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  • Lam Research (LRCX) has received a significant upgrade from Deutsche Bank.
  • The bank moved its rating on Lam Research from "Hold" to "Buy".
  • The price goal (price target) for the stock was also raised substantially, increasing from $100 to $150.
  • This positive change is primarily driven by powerful market trends described as "cyclical and secular tailwinds".
  • Cyclical Tailwinds: The conditions for memory chip supply and demand have become more favorable. This is a good sign for the market’s immediate health.
  • Secular Tailwinds: There is growing momentum and expansion happening at smaller chip manufacturers, known as second-tier foundries. This points to longer-term growth.
  • Due to these factors, the analyst expects Lam Research to outperform its peers in the semiconductor capital equipment group.
LRCX stock price by TradingView

Deutsche Bank Upgrades Lam Research to Buy: 'Cyclical and Secular Tailwinds'

Deutsche Bank upgraded Lam Research to Buy, citing strong market trends including improved memory supply/demand and momentum at key foundries.