LRCX closed near $153.50 on Friday. The company has seen a few downgrades from Wall St analysts, most notably Goldman Sachs and Bank of America. They expect memory capex to be soft in 2019 and perhaps beyond. LRCX has one of the best management teams in the industry and we think there is 50% upside from current levels.
The stock is down from $230 March of this year. The stock bottomed near these levels in February and could see a strong rebound again into the end of year.
Submitted September 16, 2018 at 11:54AM by visor33 https://ift.tt/2xeLpYP
