Deutsche Bank Reiterates Buy on Lam Research, Raises Price Target to $260
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Earnings Estimates Raised: Deutsche Bank analyst Melissa Weathers increased Lam Research's revenue and EPS estimates for CY26 by 5% and 8%, respectively, and for CY27 by 9% and 14%, indicating strong confidence in the semiconductor equipment maker's performance.
- Positive Market Sentiment: The semiconductor equipment sector has seen a 25% average stock price increase YTD in 2026, reflecting optimistic market sentiment that is likely to bolster Lam Research's stock performance.
- Above Market Expectations: Analysts forecast that Lam Research's revenue and EPS for CY26 and CY27 will exceed market expectations by 7%/11% and 10%/19%, respectively, showcasing the company's competitive edge in the industry.
- Significant Price Target Increase: Deutsche Bank raised Lam Research's price target from $195 to $260, demonstrating strong confidence in its future growth potential and likely attracting more investor interest in the stock.
Analyst Views on LRCX
Wall Street analysts forecast LRCX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LRCX is 192.50 USD with a low forecast of 142.00 USD and a high forecast of 265.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
18 Buy
4 Hold
0 Sell
Strong Buy
Current: 222.410
Low
142.00
Averages
192.50
High
265.00
Current: 222.410
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.
