Mizuho raised the firm’s price target on Lam Research (LRCX) to $265 from $220 and keeps an Outperform rating on the shares. The firm estimates 2026 wafer fab equipment spending will be up 13% year-over-year in 2026 and 12% in 2027. This is a “significant acceleration” versus Mizuho’s prior expectations, the analyst notes.
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