B. Riley analyst Craig Ellis raised the firm’s price target on Lam Research (LRCX) to $330 from $310 and keeps a Buy rating on the shares. The firm upped targets in the semiconductor capital equipment space as part of a Q1 preview. Wafer fab equipment industry views for 2026 have surged from $115B to $140B-plus with demand nearer $150B if not for clean room constraints as capacity adds broaden from foundry to DRAM and into NAND, the analyst tells investors in a research note. Riley says AI compute is the driver.
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