Lam Research Stock (LRCX) Higher As Bullish Coverage Supports Move

Lam Research stock (NASDAQ:LRCX) is on the move today, up 5.57% at $205.61, and buoyed by a new ‘Buy' rating from Aletheia. The coverage adds to a series of recent positive catalysts for the semiconductor equipment supplier.

The firm set a price target of $260, anticipating continued strong growth driven by Lam's industry position, increasing content value in its products, and expanding market share.

The Aletheia rating builds on an already strong foundation for LRCX. Back in October 2025, the stock reached an all-time high of $156.01, giving the company a market capitalization of $190.5 billion. This milestone was supported by impressive financial performance, including a 101.03% increase in stock value over the previous 12 months, a 23.7% revenue growth, and a return on equity of 58%. Consistent dividend payments over 12 years have also contributed to investor confidence.

Other analysts have also recently expressed bullish sentiment. Deutsche Bank upgraded LRCX to ‘Buy' in September 2025, raising its price target from $100 to $150, citing improved memory chip market conditions and increased exposure to advanced foundry spending. This upgrade resulted in a 3.1% increase in LRCX shares at the time. Similarly, inclusion in Citi's Large Cap Recommended list earlier in 2025, coupled with increased price targets from TD Cowen and a maintained ‘Overweight' rating from Cantor Fitzgerald, prompted a 6.9% surge in the stock.

Price Targets

Lam Research has also demonstrated strong financial performance. The company reported record revenue of $5.32 billion for the quarter ending September 28, 2025, a nearly 3% year-over-year increase. The company has highlighted its strategic positioning in the growing semiconductor industry, particularly in AI applications, with expectations to exceed $105 billion in wafer fabrication equipment revenue for the 2025 calendar year.

Innovation remains a key driver for Lam Research. In September 2025, the company introduced the VECTOR® TEOS 3D deposition tool, designed for next-generation chips used in AI and high-performance computing. This announcement led to increased price targets from Cantor Fitzgerald and Citigroup, who maintained ‘Buy' ratings.

The overall analyst sentiment surrounding Lam Research appears positive; driven by strong fundamentals, technological innovation, and strategic positioning in key growth markets such as AI. While geopolitical factors present potential headwinds, the company's recent performance and analyst upgrades indicate a resilient and promising future. The positive reaction to the Aletheia ‘Buy' rating underscores the market's belief in Lam Research's continued growth trajectory, despite existing challenges.