Lam Research stock pops on Mizuho target raise as Wall Street eyes Jan. 28 earnings call
Lam Research shares jumped 8.7% to $218.36 Friday after Mizuho raised its price target to $220. The PHLX semiconductor index hit a record, rising 2.7%, as chip stocks rallied on weaker-than-expected U.S. jobs data. Applied Materials and KLA also posted strong gains. Investors await U.S. CPI data on Jan. 13 and Lam’s earnings call on Jan. 28.