Lam Research stock dips today — what traders watch before LRCX earnings next week
Lam Research shares fell 0.7% to $219.20 in late morning trading Friday, extending Thursday’s 3.4% drop. The stock remains 5.2% below its 52-week high set earlier this week. Citi and Deutsche Bank raised price targets ahead of Lam’s Jan. 28 earnings call. Intel’s weak outlook and Fed rate uncertainty weighed on chip stocks across the sector.