Wells Fargo Lam Research · LRCX

Wells Fargo Raises Lam Research Price Target to $365

Analyst: Joseph Quatrochi 1 min read Reproduced verbatim
Rating
Overweight
Target
$365
from $320 (+14%)
Outcome
Reached
on June 12, 2026
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What the analyst said

Wells Fargo analyst Joseph Quatrochi raised the price target on Lam Research (NASDAQ: LRCX) to $365.00 (from $320.00) while maintaining an Overweight rating.

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 $365 target is 4% above the median.

Since the note LRCX has moved −42% (from $318). 12-month window: day 157 of 365, closes on June 1, 2027.

Track record

This call✓ Target reached on June 12, 2026, 11 days after the note.

Firm track recordWells Fargo: 65% of its 34 targets at least a year old were reached within 12 months (#21 of 26 firms). Accuracy ranking →

Wells Fargo on Lam Research

Wells Fargo price targets on Lam Research

5 calls from January 15, 2026 to July 30, 2026. The target went from $250 to $350 (+40%). The rating stayed Buy.

Wells Fargo targetLRCX share price
  1. July 30, 2026Target cut from $450 (−22%)Buy$350
  2. June 22, 2026Target raised from $365 (+23%)Buy$450
  3. June 1, 2026 This noteTarget raised from $290 (+26%)Buy$365
  4. January 29, 2026Target raised from $250 (+16%)Buy$290
  5. January 15, 2026Earliest call shownBuy$250
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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.