Vetr Crowd Downgrades Lam Research

The Vetr community on Wednesday downgraded Lam Research Corporation LRCX from 5 stars (Strong Buy) to 4 stars (Buy). Crowd confidence was very bullish, with 83.3 percent of the Vetr community giving the California-based semiconductor firm a Buy rating and 13.7 percent a Hold.

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The Vetr crowd and analysts alike remained bullish, with the Vetr crowd’s target price of $215.24 falling well above the current share price of $191.85. Analysts were equally as bullish, with most recent estimates sitting in the $200-$275 range.