Mizuho Raises Lam Research Price Target to $380
Mizuho raised its price target on Lam Research (LRCX) to $380 from $330, reiterating an Outperform rating, after increasing its 2026 wafer fab equipment spending estimate to $153 billion.
Key Numbers
Mizuho analysts raised their price target on Lam Research Corporation (NASDAQ:LRCX) to $380 from $330, maintaining an Outperform rating. The revision follows the bank's upward adjustment of its 2026 wafer fab equipment (WFE) spending estimate to $153 billion.
Rating Change
- Previous Price Target: $330
- New Price Target: $380
- Rating: Outperform
Analyst Rationale
Mizuho's analyst believes rising demand for semiconductors, particularly in AI and high-performance computing, will drive chipmakers' capital expenditure on equipment. The $153B WFE spending estimate for 2026 reflects optimism about the sector's investment cycle.
Context
Lam Research is among the 15 most promising stocks to buy right now, per a prior report. The stock trades near the new target, supported by positive momentum in the semiconductor space.
Conclusion
The price target hike signals analyst confidence in Lam Research's growth prospects, but investors should weigh risks from semiconductor cycle volatility and global demand shifts.
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