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Analysts Are Bullish on These Technology Stocks: Lam Research (LRCX), Grab (GRAB)

Tipranks - Tipranks - Mon Jun 22, 11:46AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Lam Research (LRCX) and Grab (GRAB) with bullish sentiments.

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Lam Research (LRCX)

In a report issued on June 18, Vijay Rakesh from Mizuho Securities maintained a Buy rating on Lam Research, with a price target of $380.00. The company’s shares closed last Thursday at $389.04.

According to TipRanks.com, Rakesh is a top 25 analyst with an average return of 87.1% and a 73.2% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Cerebras Systems, Inc. Class A, and Advanced Micro Devices. ;'>

Currently, the analyst consensus on Lam Research is a Strong Buy with an average price target of $346.80, representing a -12.7% downside. In a report issued on June 3, Bernstein also maintained a Buy rating on the stock with a $340.00 price target.

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Grab (GRAB)

In a report issued on June 18, Divya Gangahar from Morgan Stanley maintained a Buy rating on Grab, with a price target of $5.90. The company’s shares closed last Thursday at $3.57.

According to TipRanks.com, Gangahar is ranked #4412 out of 12315 analysts.

Grab has an analyst consensus of Strong Buy, with a price target consensus of $6.12.

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