Citi analyst Atif Malik raised the firm’s price target on Lam Research (LRCX) to $300 from $265 and keeps a Buy rating on the shares. The company reported a “beat and raise” quarter and guided 2026 wafter fab equipment spending to $135B, which is well above Citi’s bull case, the analyst tells investors in a research note. Citi says Lam is in an “upcycle” with further upside.
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