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Lam Research (LRCX)
NASDAQ:LRCX
LRCX Analyst Ratings
Strong Buy
18 Buy
6 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
LRCX Stock 12 Month Forecast
Average Price Target
$96.28
▲(32.60% Upside)
| Highest Price Target$125.00 | Average Price Target$96.28 | Lowest Price Target$75.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
Jefferies
Reiterated
03/27/25
Bernstein
Reiterated
03/20/25
Oppenheimer
Initiated
03/20/25
J.P. Morgan
Reiterated
02/20/25
Susquehanna
Upgraded
02/20/25
Morgan Stanley
Reiterated
02/20/25
KeyBanc
Reiterated
02/20/25
Stifel Nicolaus
Reiterated
02/20/25
Barclays
Reiterated
02/20/25
Needham
$90→$96
Buy
32.21%
Upside
Reiterated
02/20/25
Lam Research Maintains Buy Rating Amid Ambitious 2028 and 2030 TargetsWe did a thorough risk assessment of the model and conclude that LRCX should be able to achieve these targets, but the upside to the model may be limited. We think the top-line growth targets are aspirational due to risks in the underlying WFE assumptions that may be extrapolating the peak China WFE in 2024 as well as 4pt market share gain assumption that may require a sustained NAND rebound and/or meaningful share gains in DRAM and Foundry/Logic. On the bright side, we see the 50% GM target as the highlight of the target model, prudent OpEx planning, and likely conservative share buyback assumption that should support strong EPS growth targets. Our PT is raised to $96. Maintain Buy.
Citi
$87
Buy
19.82%
Upside
Reiterated
02/19/25
Citi reiterates Buy Rating on Lam Research (LRCX)Citi analyst Atif Malik reiterated a Buy rating and $87.00 price target on Lam Research (NASDAQ: LRCX).
Bank of America Securities
$100→$110
Buy
51.49%
Upside
Reiterated
02/19/25
Lam Research price target raised to $100 from $92 at BofALam Research price target raised to $100 from $92 at BofA
TD Cowen
$100→$110
Buy
51.49%
Upside
Reiterated
02/19/25
Buy Rating for Lam Research: Promising Growth in DRAM, Foundry/Logic, and Technological AdvancementsWe think the model implies some share gains in ALD and conductor etch within DRAM and Foundry/Logic. LRCX is our top pick for 2025. LRCX's target model implies $26B of total revenues by EPS (slightly better than expectations). Guidance implies WFE (Wafer Fab Equipment) spending growth of mid-to-high single digits or around $125-130B, per our estimate. Of that, LRCX expects memory mix (DRAM & NAND) to be around 1/3 rd , and more DRAM- weighted.
Wells Fargo
$85
Hold
17.06%
Upside
Reiterated
02/19/25
Hold Rating for Lam Research Amid Mixed Investor Feedback and $40B 3D NAND Investment Uncertainties
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Jefferies
Reiterated
03/27/25
Bernstein
Reiterated
03/20/25
Oppenheimer
Initiated
03/20/25
J.P. Morgan
Reiterated
02/20/25
Susquehanna
Upgraded
02/20/25
Morgan Stanley
Reiterated
02/20/25
KeyBanc
Reiterated
02/20/25
Stifel Nicolaus
Reiterated
02/20/25
Barclays
Reiterated
02/20/25
Needham
$90→$96
Buy
32.21%
Upside
Reiterated
02/20/25
Lam Research Maintains Buy Rating Amid Ambitious 2028 and 2030 TargetsWe did a thorough risk assessment of the model and conclude that LRCX should be able to achieve these targets, but the upside to the model may be limited. We think the top-line growth targets are aspirational due to risks in the underlying WFE assumptions that may be extrapolating the peak China WFE in 2024 as well as 4pt market share gain assumption that may require a sustained NAND rebound and/or meaningful share gains in DRAM and Foundry/Logic. On the bright side, we see the 50% GM target as the highlight of the target model, prudent OpEx planning, and likely conservative share buyback assumption that should support strong EPS growth targets. Our PT is raised to $96. Maintain Buy.
Citi
$87
Buy
19.82%
Upside
Reiterated
02/19/25
Citi reiterates Buy Rating on Lam Research (LRCX)Citi analyst Atif Malik reiterated a Buy rating and $87.00 price target on Lam Research (NASDAQ: LRCX).
Bank of America Securities
$100→$110
Buy
51.49%
Upside
Reiterated
02/19/25
Lam Research price target raised to $100 from $92 at BofALam Research price target raised to $100 from $92 at BofA
TD Cowen
$100→$110
Buy
51.49%
Upside
Reiterated
02/19/25
Buy Rating for Lam Research: Promising Growth in DRAM, Foundry/Logic, and Technological AdvancementsWe think the model implies some share gains in ALD and conductor etch within DRAM and Foundry/Logic. LRCX is our top pick for 2025. LRCX's target model implies $26B of total revenues by EPS (slightly better than expectations). Guidance implies WFE (Wafer Fab Equipment) spending growth of mid-to-high single digits or around $125-130B, per our estimate. Of that, LRCX expects memory mix (DRAM & NAND) to be around 1/3 rd , and more DRAM- weighted.
Wells Fargo
$85
Hold
17.06%
Upside
Reiterated
02/19/25
Hold Rating for Lam Research Amid Mixed Investor Feedback and $40B 3D NAND Investment Uncertainties
LRCX Analyst Recommendation Trends
Rating
Nov 24
Dec 24
Jan 25
Feb 25
Mar 25
Strong Buy
2
0
0
0
0
Buy
15
14
23
35
37
Hold
10
15
16
18
12
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
27
29
39
53
49
Each month's total comprises the sum of three months' worth of ratings.
LRCX Financial Forecast
LRCX Stock Forecast FAQ
What is LRCX’s average 12-month price target, according to analysts?
Based on analyst ratings, Lam Research’s 12-month average price target is $96.28.
What is LRCX’s upside potential, based on the analysts’ average price target?
Lam Research has 32.60% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is LRCX a Buy, Sell or Hold?
Lam Research has a consensus rating of Strong Buy which is based on 18 buy ratings, 6 hold ratings and 0 sell ratings.
What is Lam Research’s price target?
The average price target for Lam Research is $96.28. This is based on 24 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $125.00 ,the lowest forecast is $75.00. The average price target represents 32.60% Increase from the current price of $72.61.
The highest analyst price target is $125.00 ,the lowest forecast is $75.00. The average price target represents 32.60% Increase from the current price of $72.61.
What do analysts say about Lam Research?
Lam Research’s analyst rating consensus is a Strong Buy. This is based on the ratings of 24 Wall Streets Analysts.
How can I buy shares of LRCX?
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