This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Technology Companies: Lam Research (LRCX), Qualcomm (QCOM) and Duolingo (DUOL)

Tipranks - Fri Jul 31, 4:22AM CDT

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.

Claim 55% Off TipRanks

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 24.3% and a 66.8% success rate. Barger covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Lincoln Electric Holdings, and Park-Ohio Holdings. ;'>

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.

See the top stocks recommended by analysts >>

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 27.1% and a 59.8% success rate. Vinh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and ARM Holdings PLC ADR. ;'>

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 6.3% and a 45.9% success rate. Patterson covers the NA sector, focusing on stocks such as NerdWallet, Inc. Class A, DoubleVerify Holdings, and Reddit Inc Class A. ;'>

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:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.