Lam Research (LRCX) Gains Analyst Confidence with Bullish Outlook and Upgraded Target

Lam Research Corporation (NASDAQ:LRCX) is one of the must-buy US stocks to invest in. On August 21, Cantor Fitzgerald raised its price target for Lam Research (NASDAQ:LRCX) to $120 from $115, reaffirming a Buy rating. The upgrade follows meetings with company leadership, where management expressed strong confidence in Lam’s growth trajectory through 2026, backed by new product platforms and a 23.7% revenue surge over the past year.

The firm highlighted Lam’s evolving focus on Foundry and Logic segments—areas now driving more growth than its traditional memory business. Unlike competitor Applied Materials, Lam reported stable demand from leading-edge customers and strengthening business in China, reinforcing its competitive edge.

Cantor sees a 2026 EPS of $6.00 as achievable, well above the $4.74 consensus, justifying the new target. With an Overweight rating and over 20% upside potential, Lam remains a top pick, supported by upward earnings revisions from 23 analysts and growing investor confidence.

Lam Research Corporation (NASDAQ:LRCX) is a global leader in semiconductor processing equipment. Operating across major tech hubs including the U.S., China, Korea, Taiwan, Japan, Southeast Asia, and Europe, the company plays a critical role in the fabrication of integrated circuits. Its product portfolio spans advanced deposition and etching technologies, including ALTUS for tungsten and molybdenum films, SABRE for copper interconnects, and SPEED and VECTOR systems for high-density plasma CVD. Lam also offers specialized tools like Striker for atomic layer deposition, Vantex and Flex for dielectric etch, and Kiyo and Syndion for conductor and via etching.

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