Stifel analyst Brian Chin raised the firm’s price target on Lam Research (LRCX) to $280 from $250 and keeps a Buy rating on the shares. Fiscal Q2 results and fiscal Q3 guidance exceeded the firm’s and consensus estimates, notes the analyst. Lam projects industry WFE spending of $135B in calendar year 2026, or greater than 20% year-over-year growth, the analyst highlights.
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