Cantor Fitzgerald upgraded Lam Research (LRCX) to Overweight from Neutral with a price target of $100, up from $95. The firm had suggested under $70 as “close your eyes” level for Lam over the last three months, but following the strong beat and raise print, Cantor doesn’t think that will materialize, the analyst tells investors in a research note. Cantor highlights a strong uptick in NAND and solid leverage to TSMC (TSM) throughout all of 2025, and the firm is modeling tool revenues up 19% in calendar 2025, leading to total revenue growth of 12% and EPS of $3.85. Cantor, which says Lam is “too good an asset to wait,” sees EPS accelerating by at least 20% to $4.65+ in CY26 and finds shares “very attractive.”
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