Analysts fell to the sidelines weighing in on Lam Research (LRCX – Research Report), Fortive (FTV – Research Report) and Silicon Laboratories (SLAB – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Lam Research (LRCX)
Wells Fargo analyst Joseph Quatrochi maintained a Hold rating on Lam Research yesterday and set a price target of $980.00. The company’s shares closed last Wednesday at $884.89.
According to TipRanks.com, Quatrochi is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lam Research with a $1005.93 average price target, implying a 10.9% upside from current levels. In a report issued on April 11, Deutsche Bank also initiated coverage with a Hold rating on the stock with a $1000.00 price target.
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Fortive (FTV)
Wells Fargo analyst Joe O’Dea maintained a Hold rating on Fortive yesterday and set a price target of $84.00. The company’s shares closed last Wednesday at $76.05.
According to TipRanks.com, O’Dea is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortive with a $89.25 average price target, implying a 19.6% upside from current levels. In a report issued on April 17, J.P. Morgan also downgraded the stock to Hold with a $90.00 price target.
Silicon Laboratories (SLAB)
In a report released today, Cody Acree from Benchmark Co. reiterated a Hold rating on Silicon Laboratories. The company’s shares closed last Wednesday at $114.26.
According to TipRanks.com, Acree is a 5-star analyst with an average return of
Silicon Laboratories has an analyst consensus of Moderate Buy, with a price target consensus of $148.86, a 22.0% upside from current levels. In a report released yesterday, Summit Redstone Partners also downgraded the stock to Hold.
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Read More on LRCX:
- Lam Research Corporation Reports Financial Results for the Quarter Ended March 31, 2024
- Options Volatility and Implied Earnings Moves Today, April 24, 2024
- Is LRCX a Buy, Before Earnings?
- Lam Research upgraded to Buy from Neutral at B. Riley
- Lam Research price target raised to $1,030 from $900 at Needham
