Why did UBS raise its price target for Lam Research?

The revision reflects increased confidence in the company's growth outlook, supported by semiconductor equipment demand and quantum computing expansion.

What is Lam Research's forward P/E ratio?

The forward P/E is 48.39, placing it among the most overvalued quantum computing stocks.

Does UBS recommend buying Lam Research?

Yes, UBS maintains a Buy rating on the stock.

UBS Raises Lam Research (LRCX) Price Target to $375

UBS raised its price target on Lam Research (LRCX) from $310 to $375, maintaining a Buy rating. The revision reflects growing confidence in the company's growth prospects, supported by strong demand for semiconductor equipment and its exposure to quantum computing.

June 22, 2026

2 min read

Source: Insider Monkey

Key Numbers

forward pe

48.39

old price target

310

new price target

375

upside percent

UBS has raised its price target on Lam Research (LRCX) from $310 to $375, while maintaining a Buy rating. The upward revision reflects the firm's increasing confidence in the company's growth outlook, particularly amid strong demand for semiconductor equipment.

Rating Change

Previous Price Target: $310
New Price Target: $375
Rating: Buy
Implied Upside: Approximately 21% from the previous close

Analyst Rationale

UBS analysts believe Lam Research is well-positioned in the semiconductor equipment market, driven by global chip manufacturing expansion. The company's focus on quantum computing technologies also bolsters long-term growth expectations.

Context

Lam Research currently trades at a forward P/E of 48.39, placing it among the 10 most overvalued quantum computing stocks according to short sellers. Despite this, UBS sees further upside potential.

What to Make of It

The UBS price target hike signals cautious optimism for Lam Research. However, investors should note the stock's elevated valuation. Monitoring sector developments and quarterly results is advisable.

Frequently Asked Questions

UBS raised its price target to $375 from $310, maintaining a Buy rating.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.