What the analyst said

Stifel analyst Brian Chin raised the price target on Lam Research (NASDAQ: LRCX) to $425 (from $325) while maintaining a Buy rating.

“F4Q(Jun) – We expect Lam to exceed our estimates; we model system revenue $4.6B (+23% QQ) and CSBG (service/spares/upgrades) revenue $2.1B (flattish QQ).

Flat CSBG revenue could prove conservative given customers’ focus on productivity-enhancing equipment upgrades along with growth in Lam’s installed base.

F1Q(Sept) – Our estimates are above consensus, reflecting our conviction that LRCX could achieve system revenue growth of at least low-40% YY, above peers.

We are also optimistic that a more favorable semicap ASP environment can provide a moderate GM tailwind into calendar 2H/beyond (we model Sept GM flat at 50.5%).”

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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 −48% (from $353). 12-month window: day 118 of 365, closes on July 10, 2027.

Track record

This callOpen: LRCX has not reached $425 yet. This 12-month target is scored on July 10, 2027.

Firm track recordStifel: 83% of its 41 targets at least a year old were reached within 12 months (#5 of 26 firms). Accuracy ranking →

Stifel on Lam Research

Stifel price targets on Lam Research

5 calls from January 14, 2026 to July 10, 2026. The target went from $250 to $425 (+70%). The rating stayed Buy.

Stifel targetLRCX share price
  1. July 10, 2026 This noteTarget raised from $325 (+31%)Buy$425
  2. April 23, 2026Target raised from $300 (+8%)Buy$325
  3. April 13, 2026Target raised from $280 (+7%)Buy$300
  4. January 29, 2026Target raised from $250 (+12%)Buy$280
  5. January 14, 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.