Morgan Stanley Lam Research · LRCX

Morgan Stanley Raises Lam Research Price Target to $293

Apr 23, 2026 Analyst: Shane Brett 1 min read Reproduced verbatim
Rating
Unknown
Price target
$293
from $260
Implied upside
+10%
vs $265.55 prior close
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Morgan Stanley analyst Shane Brett raised the price target on Lam Research (NASDAQ: LRCX) to $293.00 (from $260.00) while maintaining an Equalweight rating.

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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.

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Tracking this call

Since this note+26% LRCX $265.55 → $333.89 (Oct 7) · target reached

This callScored on Oct 23, 2026, six months after the note: did LRCX reach $293?

Firm track recordMorgan Stanley reached 66% of its 53 scored targets within six months (#16 of 31 firms); on Lam Research, 3 of 3. Accuracy ranking →

Earnings reactionOne of 13 notes after Lam Research’s Apr 22 results: 11 of 13 raised targets. See every call →
Morgan Stanley on Lam Research · target history
Jan 15, 2026 · $211 · Unknown Jan 29, 2026 · $244 · Unknown Feb 25, 2026 · $254 · Unknown Apr 6, 2026 · $260 · Unknown Apr 23, 2026 · $293 · Unknown · this note May 18, 2026 · $331 · Buy Jul 6, 2026 · $404 · Buy Jul 30, 2026 · $367 · Buy
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More from Morgan Stanley on Lam Research

Morgan Stanley Buy Cut price target −9%, kept ratingJul 30 $367from $404 Morgan Stanley Buy Raised price target +22%, kept ratingJul 6 $404from $331 Morgan Stanley Buy Upgraded, raised price target +13%May 18 $331from $293

Other Lam Research notes

B RileyBuy Raised price target +11%, kept rating · Oct 1 $390from $350 UBSBuy Cut price target −2%, kept rating · Sep 1 $425from $435 MizuhoBuy Cut price target −1%, kept rating · Aug 25 $365from $370 BernsteinBuy Raised price target +7%, kept rating · Aug 10 $385from $360 B RileyBuy Cut price target −9%, kept rating · Jul 30 $350from $385
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.