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Analysts Are Neutral on Top Technology Stocks: Lam Research (LRCX), HP (HPQ)

Tipranks - Tue Apr 7, 5:22AM CDT

Analysts fell to the sidelines weighing in on Lam Research (LRCX) and HP (HPQ) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Lam Research (LRCX)

Morgan Stanley analyst Shane Brett CFA maintained a Hold rating on Lam Research today and set a price target of $260.00. The company’s shares closed last Thursday at $218.44.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 41.2% and a 70.0% success rate. CFA covers the Technology sector, focusing on stocks such as Applied Materials, Teradyne, and Camtek. ;'>

Lam Research has an analyst consensus of Strong Buy, with a price target consensus of $285.05, implying a 36.5% upside from current levels. In a report issued on April 1, Erste Group also assigned a Hold rating to the stock.

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HP (HPQ)

In a report released today, Asiya Merchant from Citi maintained a Hold rating on HP, with a price target of $20.00. The company’s shares closed last Thursday at $19.51.

According to TipRanks.com, Merchant is a top 25 analyst with an average return of 71.3% and a 74.0% success rate. Merchant covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Dell Technologies. ;'>

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for HP with a $18.58 average price target, a -2.2% downside from current levels. In a report issued on March 24, Bernstein also maintained a Hold rating on the stock with a $21.00 price target.

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