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Lam Research Corporation

LRCX · Nasdaq

Analyst Consensus

Buy

26 analysts

$273

Current

—

Low

$378

Average

—

High

Average target implies +38.03% versus the current price.

Analyst Ratings Synthesis

The consensus is Buy from 26 analysts, with a mean target of $377.50. The supplied consensus record gives neither a low nor a high target, so the target spread and clustering cannot be measured. It also does not identify the most bullish or least bullish analyst; AnaChart separately reports a $158-$480 historical range and a $337.14 average, but does not establish the current consensus participants. No attributable rating or target revision is explicitly reported during the week. The substantive disagreement is valuation and cycle exposure: some coverage presents Lam as affordable growth with elite profitability or a dip-buying candidate, while GuruFocus calls it materially overvalued and other reports question whether the cycle is peaking.

Rating Actions

No individual rating actions have been captured for LRCXyet. Consensus figures above come from Nasdaq's aggregate feed.

Rating actions are extracted from published reporting. Each row links to its source.

Research Reports

Links to freely available third-party research. Outlook labels are our classification of each article's stance, not a rating of our own.

Covering Firms

B OF A GLBL RES

B.RILEY SECURIT

BARCLAYS CAPITA

BERENBERG BANK

CANTOR FITZGERA

CITIGROUP

CO FORECST

GOLDMAN SACHS

JEFFERIES & CO.

JP MORGAN SECUR

KEYBANC CAP MKT

MIZUHO SECURITI

MORGAN STANLEY

NEEDHAM & CO.

NEW STREET RESE

RAYMOND JAMES

ROTHSCHILD REDB

SANFORD BERNSTE

STIFEL NICOLAUS

SUMMIT INSIGHTS

SUSQUEHANNA

TD COWEN

UBS

WELLS FARGO SEC

WOLFE RESEARCH

ZACKS RESEARCH

Symbol: LRCX
Type: Stock
Sector: Technology
Industry: Special Industry Machinery, NEC
Exchange: Nasdaq

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research is a FORTUNE 500 company headquartered in Fremont, California, with operations around the globe.

Key Issues

Bullish view

Lam's FY2026 revenue rose to $23.2 billion from $18.4 billion, while net income increased to $7.3 billion from $5.4 billion. Supporters argue that this growth and the company's profitability can justify the positive analyst consensus and targets above the current price.

Bearish view

GuruFocus describes LRCX as 87.1% overvalued on its GF Value measure, and the sharp September 14 decline highlights valuation sensitivity. Skeptics argue that strong historical growth is already reflected in the share price.

Analyst Consensus

See all

Buy

26 analysts

$273

Current

—

Low

$378

Average

—

High

Average target implies +38.03% versus the current price.

Earnings History

BeatMissNo estimate

Lam Research Corporation

Analyst Consensus

Analyst Ratings Synthesis

Rating Actions

Research Reports

Covering Firms

Peers