Mizuho raised the firm’s price target on Lam Research (LRCX) to $115 from $100 and keeps an Outperform rating on the shares. The firm increased 2025 and 2026 wafer fab equipment spending estimates, driven driven by DRAM high bandwidth memory. It increased estimates in the semiconductor space as a result.
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Read More on LRCX:
- Lam Research initiated with a Buy at Goldman Sachs
- Lam Research price target raised to $108 from $87 at Citi
- Lam Research price target raised to $87 from $82 at Morgan Stanley
- Lam Research price target raised to $115 from $90 at Cantor Fitzgerald
- Lam Research price target raised to $115 from $95 at B. Riley