Citi Raises PT on Lam Research (LRCX) Stock

Lam Research Corporation (NASDAQ:LRCX) is one of the Best Fundamentally Strong Stocks to Buy. On November 12, Citi analyst Atif Malik lifted the price target on the company’s stock to $190 from $175, while keeping a “Buy” rating, as reported by The Fly. Notably, the firm lifted the wafer fab equipment estimates to exhibit increasing AI investments. Overall, the firm is constructive on the broader sector.

Lam Research Corporation (NASDAQ:LRCX)’s President and CEO believes that the company’s innovations continue to help its customers in addressing major AI-driven semiconductor manufacturing inflections. Given its expanding portfolio of products and solutions throughout the critical device segments, Lam Research Corporation (NASDAQ:LRCX) remains strongly placed for continued growth.

Inclusive of the company’s guidance for the quarter ended December, Lam Research Corporation (NASDAQ:LRCX) anticipates closing calendar 2025 with 3 consecutive quarters of over $5 billion in revenue.

In the September 2025 quarter, the company’s revenue rose 3% to $5.32 billion compared to the June 2025 quarter revenue of $5.17 billion, while net income came in at $1.56 billion compared to $1.7 billion in the previous quarter (June 2025 quarter).

The company’s performance demonstrates robust company-wide execution and the role its products and services portfolio plays in enabling the broader industry’s technology roadmap and in catering to the increase in semiconductor manufacturing complexity. Lam Research Corporation (NASDAQ:LRCX)’s revenue growth was aided by an increase in systems revenue due to the sustained investments in the Foundry market segment and increases in customer support-related revenue.

While we acknowledge the potential of LRCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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