Deutsche Bank Revises Lam Research Target

Deutsche Bank has slightly increased its price target for Lam Research to $76 but maintains a Hold rating. The analyst highlighted a mixed performance in the semiconductor capital equipment sector for 2024, expecting similar challenges into 2025. KLA Corporation is favored with a Buy rating and a $725 price target due to its strong financial health and impressive dividend growth. Deutsche Bank has adjusted its forecasts for Applied Materials, KLA, and Lam Research down 2-5% amid industry uncertainties. The firm remains cautious about the semiconductor equipment market, predicting flat growth for 2025 and advising selective investments.