Goldman Sachs raised the firm’s price target on Lam Research (LRCX) to $290 from $262 and keeps a Buy rating on the shares. The stock is expected to move modestly higher after an in-line quarter and above-Street guidance, with an improved CY26 wafer fab equipment outlook of about $140B driven by broad demand, the analyst tells investors in a research note. Despite near-term shipment limits from cleanroom constraints, Lam Research is viewed as well positioned for outperformance due to its strong exposure to deposition, etch, and NAND upgrade cycles, with potential for stronger growth into CY27, the firm says.
Meet Samuel – Your Personal Investing Prophet
Explore LRCU for 2X leverage on LRCXPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LRCX:
- Lam Research price target raised to $315 from $300 at JPMorgan
- Lam Research price target raised to $275 from $255 at Barclays
- Lam Research: Sustained Buy on Above-Consensus Growth, Market Share Gains, and Multi-Year WFE Upside
- Closing Bell Movers: Tesla reverses post-earnings gains, IBM slips after Q1
- Lam Research reports Q1 adjusted gross margin 49.9%