What the analyst said

Cantor Fitzgerald analyst C.J.

Muse raised the price target on Lam Research (NASDAQ: LRCX) to $425.00 (from $320.00) while maintaining an Overweight rating.

“Leading-edge foundry/logic and AI-driven advanced packaging are the primary WFE growth drivers, with the majority of new wafer start investments in 2026–2027 in AI-driven logic.

Mature-node investment is not a near-term demand driver; capacity from prior cycles is being digested and lagging-edge capex is minimal in 2026.

HBM is a key incremental demand driver, with capacity additions at advanced DRAM nodes driving higher etch and deposition intensity per wafer.

“The majority of the $40B NAND conversion investment is now anticipated to occur before end of 2027,” representing an accelerated timeline vs. prior expectations.”

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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 $425 target is 21% above the median, the highest on the Street.

Since the note LRCX has moved −43% (from $327). 12-month window: day 148 of 365, closes on June 10, 2027.

Track record

This call✓ Target reached on June 30, 2026, 20 days after the note.

Firm track recordCantor: 80% of its 55 targets at least a year old were reached within 12 months (#10 of 26 firms). Accuracy ranking →

Cantor on Lam Research

Cantor price targets on Lam Research

5 calls from January 29, 2026 to June 29, 2026. The target went from $320 to $500 (+56%). The rating stayed Buy.

Cantor targetLRCX share price
  1. June 29, 2026Target raised from $425 (+18%)Buy$500
  2. June 10, 2026 This noteTarget raised from $320 (+33%)Buy$425
  3. April 30, 2026Kept the $320 targetBuy$320
  4. April 23, 2026Kept the $320 targetBuy$320
  5. January 29, 2026Earliest call shownBuy$320
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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.