
Lam Research (LRCX) Stock Forecast & Price Target
Lam Research (LRCX) Analyst Ratings
Bulls say
Lam Research is a top pick among analysts as the cleanest way to play the AI-driven 3D scaling wave, which is expected to drive strong growth in the memory and foundry/logic markets. The company boasts a commanding share in the etch and clean technologies segment and is well-positioned in high-growth areas such as high-bandwidth memory (HBM), advanced packaging, and 3D architectures. This, coupled with a strong customer base of top chipmakers and projections of >23% EPS CAGR from 2025 to 2030, makes Lam Research a strong investment opportunity.
Bears say
Lam Research is well-positioned with top customers TSMC, Samsung, Intel, and Micron, but its exposure to memory chipmakers for DRAM and NAND chips may limit its growth potential. The company is facing cleanroom constraints but still expects strong demand in 2026 and even stronger growth in 2027 with potential 30% WFE growth. However, with a PT of $400 based on high P/E multiples and currently trading at a valuation above dot-com era multiples, the stock may be overvalued and present a risk for investors.
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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