Argus raised the firm’s price target on Lam Research (LRCX) to $280 from $175 and keeps a Buy rating on the shares after its Q2 results topped estimates, building on solid growth in 2025. On a secular basis, multiple technology inflections – including gen-AI, cloud data center, vehicle electrification, internet of things, robotics, and AI-enabled edge devices – position Lam for extended growth, the analyst tells investors in a research note.
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