Barclays analyst Tom O’Malley raised the firm’s price target on Lam Research (LRCX) to $195 from $142 and keeps an Equal Weight rating on the shares. The firm adjusted ratings and price targets in the semiconductors and semiconductor capital equipment group as part of its 2026 outlook. Barclays sees 2026 as another where proximity to the artificial intelligence theme will be the most important driver of stock performance. The analyst prefers names “centric to the pillars of the AI ramp,” saying quality will “ultimately rise to the top in a year sure to be mired with debate on how much of this opportunity can actually deploy.”
Claim 55% Off TipRanks
Trade LRCX with leveragePublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LRCX:
- Wells Fargo more bullish on Lam Research, upgrades to Overweight
- Lam Research upgraded to Overweight from Equal Weight at Wells Fargo
- Lam Research initiated with an Outperform at RBC Capital
- Why This Top Analyst Says Buy These 5 Chip Stocks for 2026 — and Urges Caution on Intel and AMD
- Lam Research price target raised to $250 from $160 at Stifel