Lam Research stock slips after-hours even as Cantor lifts target to $265
Lam Research shares fell nearly 1% to $200.96 in after-hours trading Thursday, following a broader drop in chip stocks. Cantor Fitzgerald raised its price target on Lam to $265, maintaining an “Overweight” rating. Lam has declined for two straight sessions and now trades about 4.5% below its 52-week high. The company’s next earnings call is set for Jan. 28.