Mizuho Lam Research · LRCX

Mizuho Raises Lam Research Price Target to $330

Analyst: Vijay Rakesh 1 min read Reproduced verbatim
Rating
Outperform
Target
$330
from $295 (+12%)
Outcome
Reached
on June 2, 2026
Mizuho and Lam Research logos

What the analyst said

Mizuho analyst Vijay Rakesh raised the price target on Lam Research (NASDAQ: LRCX) to $330.00 (from $295.00) while maintaining an Outperform rating.

“LRCX reported a good MarQ and STRONG JunQ, guiding revenue to $6.6B (ABOVE cons. $6.05B).

Key points: 1) LRCX raised 2026E WFE to up ~27% y/y and $140B (above our ~$134B ests, Ex-1), with SAM % of WFE GROWING from mid-30% in C26E to high-30s L-T, 2) MarQ DRAM up 45% y/y, with HBM and DRAM-1c transitions driving ALD, 3) Foundry Revs up 39% y/y, with share gains and momentum in copper-plating, TSV etch and Adv.

Packaging growing >50% y/y in C26E, and 4) NAND $40B >200L conversion spend pulled-in to 2026-2027E (prior “several years”) driving potential upside.

Reiterate Outperform, Raise Estimates 6-12% Above Consensus and PT to $330 from $295, with LAM C26E topline up >30% y/y, outgrowing peers 2-3X, with FOUNDRY/DRAM share gain momentum and NAND upside.”

Disclaimer
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.

Where the price stands

LRCX trades at $185. The 9 analysts who set a target in the last 3 months range from $290 to $400, with a median of $350. This $330 target is 6% below the median.

Since the note LRCX has moved −30% (from $266). 12-month window: day 196 of 365, closes on April 23, 2027.

Track record

This call✓ Target reached on June 2, 2026, 40 days after the note.

Firm track recordMizuho: 88% of its 69 targets at least a year old were reached within 12 months (#2 of 26 firms). Accuracy ranking →

Earnings reactionOne of 13 notes after Lam Research’s Apr 22 results: 11 raised · 0 cut · 2 kept. See every call →

Mizuho on Lam Research

Mizuho price targets on Lam Research

7 calls from January 28, 2026 to October 22, 2026. The target went from $265 to $360 (+36%). The rating stayed Buy.

Mizuho targetLRCX share price
  1. October 22, 2026Target cut from $365 (−1%)Buy$360
  2. August 25, 2026Target cut from $370 (−1%)Buy$365
  3. July 30, 2026Target cut from $400 (−8%)Buy$370
  4. July 9, 2026Target raised from $380 (+5%)Buy$400
  5. May 27, 2026Target raised from $330 (+15%)Buy$380
  6. April 23, 2026 This noteTarget raised from $265 (+25%)Buy$330
  7. January 28, 2026Earliest call shownBuy$265
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Other analysts on Lam Research

Lynx Equity Kept rating and price target Oct 28 $400maintained BernsteinBuy Cut price target −9%, kept rating Oct 22 $350from $385 UBSBuy Cut price target −6%, kept rating Oct 22 $400from $425 Morgan StanleyBuy Cut price target −12%, kept rating Oct 22 $339from $385 Bank of AmericaBuy Cut price target −10%, kept rating Oct 22 $345from $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.