Cantor Fitzgerald Raises PT on Lam Research Corporation (LRCX) to $120; Maintains 'Buy' Rating

With significant upside potential, Lam Research Corporation (NASDAQ:LRCX) secures a spot on our list of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.

Cantor Fitzgerald boosted its price target on Lam Research Corporation (NASDAQ:LRCX) to $120 from $115 on August 21, 2025, while maintaining a Buy rating following talks with company management in New York. The firm emphasized management’s optimistic forecast, citing solid competitive posture through 2026, supported by new product platforms and increased exposure to high-growth semiconductor equipment industries. Lam Research has generated 23.7% sales growth and a remarkable 58% return on equity over the last year, boosting investor confidence.

Cantor noted the company’s transition toward Foundry and Logic, moving beyond its memory-focused positioning, as demand from China increased. With management projecting EPS of $6.00 in 2026, significantly above expectations, Cantor believes Lam Research Corporation (NASDAQ:LRCX)’s valuation will rise.

Lam Research Corporation (NASDAQ:LRCX) designs and manufactures semiconductor processing equipment for the manufacturing of integrated circuits in global markets. It is one of the Best Quantum Computing Stocks.

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