
Lam Research (LRCX) Stock Forecast & Price Target
Lam Research (LRCX) Analyst Ratings
Bulls say
Lam Research is well-positioned for growth in the AI-driven 3D scaling across memory, foundry/logic, and packaging industries. With a commanding share in deposition and etch and strong relationships with top customers such as TSMC, Samsung, Intel, and Micron, the company is expected to outgrow WFE across cycles and see an EPSCAGR of over 23% from 2025 to 2030. Despite its current high valuation at ~45x FY27E P/E, Lam's strong fundamentals and exposure to the AI market make it a top pick for investors.
Bears say
Lam Research is currently facing several concerning factors, including global power shellconstraints that could last until 2028 and shortages in the US that may continue until 2030. Additionally, there is a risk of an air pocket in 2028 after a $40B NAND conversion cycle, although demand from other areas such as logic/foundry and services may offset this. While Lam Research has seen positive results and strong demand for its products, the potential for these constraints and a potential slowdown in NAND conversion could limit its growth and profitability in the future.
This aggregate rating is based on analysts' research of Lam Research and is not a guaranteed prediction by Public.com or investment advice.
Lam Research (LRCX) Analyst Forecast & Price Prediction
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