How analysts reacted to Lam Research’s results
Lam Research reported on January 28, 2026 (quarter ended Dec 2025). In the next sessions, 18 Wall Street firms published notes: 16 raised their price target; none cut. The median target of the 15 firms with a before-and-after figure went from $245 to $285 (+16%). The shares rose 4% on Jan 29, the first session after the report.
Every firm’s call 18
The first note from each firm in the session that reacted to the results and the next two, with its previous target. Since then the shares have gained 35% ($333.89 on Oct 6), against a median target of $285 from these firms. Lam Research consensus today
| Before After Share price | ||||||
|---|---|---|---|---|---|---|
 JP Morgan | Buy | $165 | $300 | +82% | Jan 29 | |
 TD Cowen | Buy | $170 | $290 | +71% | Jan 29 | |
 Oppenheimer | Buy | $200 | $265 | +33% | Jan 29 | |
 Susquehanna | Buy | $250 | $325 | +30% | Jan 29 | |
 Barclays | — | $195 | $250 | +28% | Jan 29 | |
 Bernstein | Buy | $225 | $275 | +22% | Jan 29 | |
 Needham | Buy | $250 | $300 | +20% | Jan 29 | |
 Bank of America | Buy | $245 | $285 | +16% | Jan 29 | |
 Wells Fargo | Buy | $250 | $290 | +16% | Jan 29 | |
 Morgan Stanley | — | $211 | $244 | +16% | Jan 29 | |
 Evercore | Buy | $241 | $275 | +14% | Jan 29 | |
 Citi | Buy | $265 | $300 | +13% | Jan 29 | |
 Stifel | Buy | $250 | $280 | +12% | Jan 29 | |
 RBC Capital | Buy | $260 | $290 | +12% | Jan 29 | |
 UBS | Buy | $255 | $275 | +8% | Jan 29 | |
 Cantor | Buy | — | $320 | — | Jan 29 | |
 KeyBanc | — | — | — | — | Jan 29 | |
 Wolfe Research | Hold | — | — | — | Jan 29 |
Earlier Lam Research reports
Latest earnings reactions
MicronSep 3020 of 24 kept targetsMedian target +1%Shares +3%
OracleSep 106 of 12 kept targetsMedian target +1%Shares −5%
BroadcomSep 27 of 18 raised targetsMedian target +3%Shares −3%
NIOSep 14 of 4 cut targetsMedian target −29%Shares −5%
MarvellAug 275 of 11 raised targetsMedian target 0%Shares −10%
Li AutoAug 266 of 7 cut targetsMedian target −10%Shares −1%How this works: the earnings date and EPS figures come from Nasdaq. The calls are the notes in our database from the session that reacted to the results and the next two, one per firm (its first); for reports after the close, notes dated the report day are treated as previews and left out. “Before” is the previous target quoted in the note or, if missing, the firm’s last target in our database. The median target uses firms with both figures. The share move compares the close before the reaction session with the close of the session that moved most (the report day or the next one). Which firms’ targets come true