Wells Fargo Raises Lam Research Price Target to $450
Wells Fargo raised its price target on Lam Research (LRCX) to $450 from $365 on June 22, 2026, while maintaining an Overweight rating. The revision reflects expectations of continued strong performance from semiconductor capital equipment companies.
Key Numbers
Wells Fargo analyst Joe Quatrochi raised the price target on Lam Research Corporation (NASDAQ:LRCX) to $450 from $365, maintaining an Overweight rating. The adjustment reflects the bank's expectation that semiconductor capital equipment companies will continue to report strong results.
Rating Change
- Previous Price Target: $365
- New Price Target: $450
- Rating: Overweight (unchanged)
- Date: June 22, 2026
Analyst Rationale
Quatrochi believes semiconductor equipment companies will continue to deliver robust earnings, driven by rising demand for advanced chips. The update signals increased confidence in Lam Research's growth prospects.
Context
Lam Research is among the 10 all-time high stocks with potential to rally further, according to a prior report. The stock is trading near its record high, indicating positive momentum.
Conclusion
The price target hike reflects a positive outlook from Wells Fargo but does not constitute a buy recommendation. Investors should assess risks and opportunities based on their own investment goals.
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