Stifel Raises Lam Research Price Target to $250

Stifel analyst Brian Chin raised the price target on Lam Research (NASDAQ: LRCX) to $250.00 (from $160.00) while maintaining a Buy rating.

“After far outpacing WFE growth in CY25 (system sales >40% YY), initial indications suggest Lam will exceed WFE growth again in CY26.

With Advanced Foundry/Logic poised to be a bigger $-contributor to the YY WFE increase this year, we believe this would be a strong validation of Lam’s SAM/share expansion beyond memory.”

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