Oppenheimer raised the firm’s price target on Lam Research (LRCX) to $265 from $200 and keeps an Outperform rating on the shares. The company reported “another clean beat against elevated expectations,” the analyst tells investors in a research note. The firm says Lam implicitly guided to 24% 2026 revenue growth, well above its prior 19% estimate. The stock remains Oppenheimer’s top pick, saying Lam is the best-positioned in semiconductor capital equipment to serve AI-driven demand.
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