High Expectations For Lam Research Corporation (NASDAQ:LRCX), But Is There Upside?

Sell-side analysts are expecting EPS growth of 6.84% for Lam Research Corporation (NASDAQ:LRCX) for the year. Analysts are expecting an EPS change of 77.00% for the current year.

Wall Street analysts polled by Thomson Reuters have a current recommendation of 2.00 on a consensus basis for the stock. The same analysts see shares reaching $191.44 within the next year on a consensus basis.Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Lam Research Corporation (NASDAQ:LRCX)’s stock was 49.87%.  Over the last week of the month, it was 6.04%, 5.77% over the last quarter, and  38.31% for the past six months.

Over the past 50 days, Lam Research Corporation stock’s -5.38% off of the high and 15.52% removed from the low.  Their 52-Week High and Low are noted here.  -5.38% (High), 79.12%, (Low). 

Price-to-Earnings Ratio is the current share price divided by annual earnings per share.  P/E provides a number that details how many years of earnings it will take a stock to recoup the value of one share at current price levels.  Easy to calculate and understand, P/E is an extremely common ratio that is used to compare valuations of stocks against each other relatively.  Lam Research Corporation’s  P/E ratio is 17.21. 

Projected Earnings Growth (PEG) is a forward looking ratio based on anticipated earnings growth.  PEG is created by dividing P/E by the projected rate of earnings growth.  Lam Research Corporation’s  PEG is 0.82.

Lam Research Corporation (NASDAQ:LRCX)’s RSI (Relative Strength Index) is 54.94.  RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.

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