Bernstein Analyst Reaffirms Buy Rating On Lam Research Corporation (LRCX)

Lam Research Corporation (NASDAQ:LRCX) is among the 13 Best Nanotechnology Stocks to Buy Now.

Stacy Rasgon, a Bernstein analyst, reaffirmed Lam Research’s buy rating on December 1, 2025. He also established a $175.00 price objective.

On December 2, 2025, The Fly reported that Morgan Stanley analyst Shane Brett reaffirmed an Equal Weight rating. The analyst increased the firm’s price objective for Lam Research Corporation (NASDAQ:LRCX) from $137 to $158. The firm maintained its 2026 wafer fab equipment (WFE) prediction essentially untouched at $129 billion, reflecting 11% year-over-year growth, and boosted its 2027 WFE forecast to $145 billion, up 13% YoY, noting “two very strong years of growth”.

Separately, on November 21, 2025, the company announced the opening of a new $65 million, 120,000-square-foot office facility at its Tualatin, Oregon, location, which would accommodate up to 700 workspaces for present and potential employees. The expansion, being part of Lam’s multi-year Silicon Forest strategy, plans to boost research and development skills while also supporting the expected growth of the $1 trillion global semiconductor industry in the coming years.

According to Sesha Varadarajan, senior vice president of Lam Research Corporation (NASDAQ:LRCX)’s Global Products Group, the new facility improves the company’s capacity to promote advancements in process development and semiconductor production machinery.

Lam Research Corporation (NASDAQ:LRCX) is a major supplier of semiconductor wafer fabrication equipment. Lam used to be dominated by memory chip manufacturers, but it now has a substantial market share in logic chip equipment.

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.

READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025.

Disclosure. None