Argus Raises Lam Research Price Target to $280
Argus analyst Jim Kelleher raised the price target on Lam Research (NASDAQ: LRCX) to $280.00 (from $275.00) while maintaining a Buy rating.
“BUY-rated Lam Research Corp.
(NGS: LRCX) rose 4% in a down market on January 29 after the company posted above- consensus fiscal 2Q26 results and guided above the pre-reporting consensus for fiscal 3Q26.
Fiscal 2Q26 sales were above the midpoint of management’s guidance range, while non-GAAP EPS topped the high end of the range.
Fiscal 2Q26 sales of $5.35 billion were up 22% annually, while non-GAAP EPS of $1.27 rose 39%.
The company in 2Q26 set new records for revenue, adjusted gross margin, adjusted operating margin, and adjusted net income. The company returned to growth in fiscal 2025 after a down FY24.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
