Lam Research stock rises on Evercore target hike with Jan. 28 earnings ahead
Lam Research shares rose 2.3% to $222.87 in after-hours trading Monday after Evercore ISI raised its price target to $241 and reiterated an Outperform rating. The move comes ahead of Lam’s December-quarter results, set for release Wednesday, with investors watching for updates on chip tool demand and customer spending.