B. Riley raises target for Lam Research stock to USD 390
Published on 10/05/2026 at 10:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lam Research (ISIN US5128073062) was trading at EUR 311.05 at Lang & Schwarz on October 5, 2026 at 10:04 a.m. CEST, up 0.40 percent from the prior close of EUR 309.80. On October 1, 2026, B. Riley Financial raised its Lam Research price target from USD 350.00 to USD 390.00 while maintaining a Buy rating, as MarketBeat reported.
Target raised ahead of results
The USD 40.00 increase lifts B. Riley's target by 11.43 percent from its previous level. The move gives investors a fresh reference point before Lam Research reports its September-quarter performance, but the target remains an analyst assessment rather than a company forecast.
MarketBeat said 32 brokerages carried a Moderate Buy consensus with an average 12-month target of USD 364.01 on October 3, 2026. The same report cited five Hold ratings, 26 Buy ratings and one Strong Buy rating, showing that the average view sits below B. Riley's new target.
Fiscal fourth-quarter numbers
Lam Research generated USD 6.72 billion in revenue in its fiscal fourth quarter of 2026, according to MarketBeat. Revenue increased 30.00 percent year over year, while diluted earnings per share reached USD 1.81 and gross margin was 52.00 percent, according to the financial results data for the quarter ended June 28, 2026.
The earnings profile matters because Lam combines new equipment sales with recurring support revenue. Nasdaq reported USD 23.20 billion in fiscal 2026 revenue, including USD 14.90 billion from systems and USD 8.30 billion from customer support. That mix gives the company a service stream alongside the more cyclical tool market.
Results date sets the next test
Lam Research is scheduled to discuss its September-quarter results on October 21, 2026, according to MarketBeat. The key comparison will be whether revenue growth can remain above the 30.00 percent rate reported for the fiscal fourth quarter while margins hold near 52.00 percent.
Stock holds near its annual high
Lam Research's primary listing is Nasdaq, where the stock closed at USD 347.49 on October 2, 2026. The USD 434.6 billion market capitalization and USD 131.02 to USD 438.50 52-week range put the latest US close 20.76 percent below the yearly high, while the euro quote reflects a separate Lang & Schwarz trading venue.
The further course of trading is shown by the continuously updated real-time quote of Lam Research stock.
Lam Research stock facts
- Company: Lam Research Corporation
- ISIN: US5128073062
- Ticker: LRCX
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 5, 2026, 10:04 a.m. CEST): EUR 311.05
- Change versus prior close: plus 0.40 percent
- Prior close Lang & Schwarz (October 2, 2026): EUR 309.80
- Market capitalization: USD 434.6 billion (as of October 2, 2026)
- 52-week range: USD 131.02-438.50 (as of October 2, 2026)
- Sector / Industry: Technology / Semiconductor Equipment and Materials
- Index membership: Nasdaq-100
- Next earnings date: October 21, 2026
