Lam Research Shares Rise as Citi Raises Price Target to $265
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Should l Buy LRCX?
Source: seekingalpha
Lam Research Corp (LRCX) shares increased by 5.95% during regular trading, reaching a 52-week high.
Citi analyst Atif Malik raised the price target for Lam Research to $265, reflecting optimism about wafer fabrication equipment spending, which is projected to reach $126 billion by 2026. Additionally, Citi upgraded Lam Research's EPS estimates for 2026 and 2027 by 4% and 7%, respectively, enhancing investor confidence ahead of the upcoming earnings report on January 28, where analysts expect earnings of $1.17 per share and revenue of $5.24 billion.
This positive outlook from analysts, combined with the anticipated growth in the semiconductor equipment sector, is likely to bolster investor interest in Lam Research, further supporting its stock performance.
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Analyst Views on LRCX
Wall Street analysts forecast LRCX stock price to fall
22 Analyst Rating
18 Buy
4 Hold
0 Sell
Strong Buy
Current: 231.290
Low
142.00
Averages
192.50
High
265.00
Current: 231.290
Low
142.00
Averages
192.50
High
265.00
About LRCX
Lam Research Corporation is a global supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Its products and services are designed to help its customers build devices that are used in a variety of electronic products, including mobile phones, personal computers, servers, wearables, automotive vehicles, and data storage devices. Its product families include ALTUS, SABRE, SPEED, Striker, VECTOR, Flex, Vantex, Kiyo, Versys Metal, Syndion, Coronus, and DV-Prime, Da Vinci, EOS, and SP Series. Its customer base includes semiconductor memory, foundries, and integrated device manufacturers that make products such as non-volatile memory, dynamic random-access memory, and logic devices. It offers services in areas, such as nanoscale applications enablement, chemistry, plasma and fluidics, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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