Market Performance: Major U.S. indexes experienced significant declines last week, with the Nasdaq down 3.21%, S&P 500 down 2.79%, and Dow Jones down 2.60%, driven by uncertainties from a government shutdown and escalating U.S.-China trade tensions.
Investor Sentiment and Economic Indicators: The University of Michigan's Consumer Sentiment index remained stable at 55.0, reflecting concerns over inflation and job market softness, while gold prices surged past $4,000 per ounce due to increased safe-haven demand amid fiscal and geopolitical uncertainties.
Zacks Investment Performance: Zacks Research reported strong performance from its ranked stocks, with notable gains from Montrose Environmental Group and Xeris Biopharma, and highlighted the effectiveness of its Zacks Rank and Recommendation systems in guiding investors.
Emerging Technologies: Quantum computing is rapidly advancing, with major tech companies integrating it into their operations, and Zacks' Senior Stock Strategist has identified key stocks positioned to lead in this emerging field.
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
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.
18 Buy
4 Hold
0 Sell
Strong Buy
Current: 228.390
Low
142.00
Averages
192.50
High
265.00
Current: 228.390
Low
142.00
Averages
192.50
High
265.00
Citi
Buy
maintain
$190 -> $265
2026-01-22
New
Reason
Citi
Price Target
$190 -> $265
AI Analysis
2026-01-22
New
maintain
Buy
Reason
Citi raised the firm's price target on Lam Research to $265 from $190 and keeps a Buy rating on the shares ahead of the December quarter results on January 28. Lam is in a "Phase 2 upcycle" with 2026 wafer fab equipment speaking tracking towards Citi's bull case of $126B, the analyst tells investors in a research note. The firm sees further upside in the shares.
Deutsche Bank
Melissa Weathers
maintain
$195 -> $260
2026-01-21
New
Reason
Deutsche Bank
Melissa Weathers
Price Target
$195 -> $260
2026-01-21
New
maintain
Reason
Deutsche Bank analyst Melissa Weathers raised the firm's price target on Lam Research to $260 from $195 and keeps a Buy rating on the shares. The firm updated the company's model ahead of the earnings report. It forecasts Lam will post numbers "solidly above Street" in the near-term.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for LRCX
Unlock Now
UBS
Buy
upgrade
$200 -> $255
2026-01-20
New
Reason
UBS
Price Target
$200 -> $255
2026-01-20
New
upgrade
Buy
Reason
UBS raised the firm's price target on Lam Research to $255 from $200 and keeps a Buy rating on the shares. Checks continue to point to a strong Q2 print and upward-biased Q3 guidance for Lam Research, driven by aggressive pull-ins across foundry, DRAM, and NAND that have largely filled equipment slots through late 2026, the analyst tells investors in a research note. While near-term financial impact may lag due to lead times, management is expected to strike a very bullish tone on multi-year WFE growth, with NAND upgrade demand and AI-driven supply chain strength, the firm says.
Needham
Charles Shi
Buy
upgrade
$160 -> $250
2026-01-20
New
Reason
Needham
Charles Shi
Price Target
$160 -> $250
2026-01-20
New
upgrade
Buy
Reason
Needham analyst Charles Shi raised the firm's price target on Lam Research to $250 from $160 and keeps a Buy rating on the shares. Commentary from the Needham Growth Conference pointed to broad-based demand improvement over the past 90 days, supporting a bullish sector outlook, the analyst tells investors in a research note. Despite strong year-to-date performance, the direction for semicap remains positive, with Q4 earnings expected to deliver multiple catalysts, the firm says.
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.
