Lam Research Stock (LRCX) Gains as Price Target Raised

Lam Research Corporation (NASDAQ: LRCX) is experiencing upward momentum, with the stock trading 2.5% higher in pre-market activity following an analyst upgrade. This positive movement reflects growing confidence in the semiconductor equipment manufacturer's market position and future prospects.

The positive pre-market movement follows B. Riley raising its price target on Lam Research to $195 from $180, reiterating a Buy rating on the shares. The firm's analyst note cites Lam Research's “superior” memory exposure and etch leadership as key factors, offering outsized leverage to accelerating memory wafer fab equipment spend. This upgrade is part of a broader trend of positive analyst sentiment surrounding the company.

Over recent weeks, several other financial institutions have also increased their price targets for Lam Research. Jefferies maintained a Buy rating while raising its target to $200, suggesting a potential 14.29% rise, whereas Mizuho also raised its price target to $200, maintaining an Outperform rating, indicating a potential upside of approximately 22.5%.

UBS increased its price target to $165, citing stronger-than-expected guidance and constructive commentary on calendar year 2026. Additionally, Stifel raised its price target to $160 following fiscal first-quarter results that modestly exceeded expectations, and TD Cowen increased its target to $170, citing strong demand from China for front-end and logic equipment.

While short-term market fluctuations are inevitable, the long-term outlook for Lam Research remains positive, supported by bullish analysts and robust financial performance. The recent price target increases and the company's strategic initiatives suggest that the current upward trend in the stock price could continue, reflecting sustained confidence in LRCX.