Analysts Offer Insights on Technology Companies: Lam Research (LRCX), Qualcomm (QCOM) and Duolingo (DUOL)
Analysts fell to the sidelines weighing in on Lam Research (LRCX), Qualcomm (QCOM) and Duolingo (DUOL) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
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Lam Research (LRCX)
In a report released today, Steve Barger from KeyBanc maintained a Hold rating on Lam Research. The company’s shares closed last Wednesday at $252.35.
According to TipRanks.com, Barger is a 5-star analyst with an average return of
Currently, the analyst consensus on Lam Research is a Strong Buy with an average price target of $393.43, implying a 48.7% upside from current levels. In a report released today, TipRanks – PerPlexity also downgraded the stock to Hold with a $273.00 price target.
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Qualcomm (QCOM)
KeyBanc analyst John Vinh maintained a Hold rating on Qualcomm today. The company’s shares closed last Wednesday at $155.68, close to its 52-week low of $149.43.
According to TipRanks.com, Vinh is a 5-star analyst with an average return of
Qualcomm has an analyst consensus of Hold, with a price target consensus of $228.12, implying a 40.3% upside from current levels. In a report issued on July 15, HSBC also maintained a Hold rating on the stock with a $180.00 price target.
Duolingo (DUOL)
KeyBanc analyst Justin Patterson maintained a Hold rating on Duolingo today. The company’s shares closed last Wednesday at $140.17.
According to TipRanks.com, Patterson is a 4-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Duolingo with a $118.36 average price target, representing a -15.0% downside. In a report issued on July 15, Wedbush also initiated coverage with a Hold rating on the stock with a $139.00 price target.
Read More on LRCX:
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- Lam Research price target raised to $335 from $315 at Jefferies
- Closing Bell Movers: Microsoft jumps, Meta slips after earnings
- Lam Research sees Q3 adjusted gross margin 52% +/- 1%
- Lam Research reports Q2 non-GAAP gross margin as a percent of revenue of 52.0%
- Lam Research reports Q2 adjusted EPS $1.82, consensus $1.68
