Argus Raised the Firm's PT on Lam Research Corporation (LRCX), Kept a Buy Rating

Lam Research Corporation (NASDAQ:LRCX) is one of the Best Performing Quantum Computing Stocks So Far in 2025. On July 31, Argus raised the firm’s price target on Lam Research Corporation (NASDAQ:LRCX) from $105 to $120, while keeping a Buy rating on the stock.

The improved bullish sentiment follows the company’s Q4 2025 report, where the company exceeded expectations. Lam Research Corporation (NASDAQ:LRCX) posted a revenue of $5.17 billion, up 33.58% year-over-year and ahead of consensus by $167.07 million. The EPS of $1.33 also beat expectations by $0.12.

The firm noted that this marks a solid growth quarter after a down fiscal year 2024. The firm also highlighted that the tariffs remain an uncertain factor; however, the sector still remains exempt from tariffs.

Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, and services equipment used to produce semiconductor wafers, which are essential components of integrated circuits.

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Disclosure: None. This article is originally published at Insider Monkey.