Lam Research Corp. (LRCX) Receives Bullish Upgrades with Price Targets Up to $260
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: Benzinga
- Analyst Upgrades: RBC Capital initiated coverage on Lam Research with an Outperform rating and a $260 price target, while Wells Fargo upgraded its rating to Overweight, raising its target from $145 to $250, indicating a significant increase in market confidence regarding the stock's outlook.
- Optimistic Earnings Forecast: Investors are looking forward to the earnings conference call on January 28, 2026, with EPS expected to reach $1.17, a 29% increase year-over-year, and revenue projected at $5.23 billion, a 19% increase, further solidifying positive sentiment around Lam Research.
- Strong Stock Performance: Lam Research shares are currently priced at $221.28, trading 17.2% above the 20-day simple moving average and having increased 186.99% over the past 12 months, demonstrating robust short-term and long-term strength as it approaches its 52-week high.
- Significant ETF Exposure: Lam Research holds substantial weight in several semiconductor ETFs, such as First Trust Nasdaq Semiconductor ETF (5.46%) and Invesco Semiconductors ETF (5.24%), indicating that any significant inflows or outflows in these funds will likely impact the stock's trading dynamics.
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 162.55 USD with a low forecast of 105.00 USD and a high forecast of 200.00 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.
21 Analyst Rating
16 Buy
5 Hold
0 Sell
Strong Buy
Current: 217.470
Low
105.00
Averages
162.55
High
200.00
Current: 217.470
Low
105.00
Averages
162.55
High
200.00
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.
