Lamb Weston Holdings | LW | Long at $51.32Lamb Weston Holdings NYSE:LW , the potato / French fry king, has gone through a tremendous downturn since 2023. Yet, earnings are forecast to grow 22% per year into 2027. Debt is quite high at 2.5x and this company, like many others, will significantly benefit from lower interest rates in the future. If the US experiences another way of inflation, Lamb Weston Holdings could be on the beneficiary side of things.
From a technical analysis perspective, the price has entered my "crash" simple moving average zone. Typically, this area signals a bottom, but it's not guaranteed. I foresee the daily price gap near $50 being closed in the short-term before a true move up. A dip to $47-$48 is not out of the question. Regardless of trying to predict bottoms, at $51.32, NYSE:LW is in a personal buy zone.
Targets:
$62.00
$68.00
$77.00