Lam Research stock: B. Riley cuts target to USD 338 for Lam Research stock

Published on 10/20/2026 at 15:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lam guides USD 8.10 billion revenue at a 39.50 percent margin. Lam Research stock costs EUR 236.03 on October 20, 2026 at 3:37 p.m. CEST.

Analyst target and earnings setup

B. Riley cut its Lam Research target from USD 390.00 to USD 338.00 on October 19, 2026.
Lam Research guided for USD 8.10 billion revenue and a 39.50 percent operating margin for the September quarter.
Lam Research stock costs EUR 236.03 at Lang & Schwarz on October 20, 2026 at 3:37 p.m. CEST.

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Lam Research (ISIN US5128073062) has a USD 338.00 price target after B. Riley cut it from USD 390.00 on October 19, 2026, while keeping its Buy rating, according to Price Target. At Lang & Schwarz, Lam Research stock was trading at EUR 236.03 on October 20, 2026 at 3:37 p.m. CEST.

Guidance sets the earnings bar

Lam Research guided revenue of USD 8.10 billion, plus or minus USD 400.00 million, for the quarter ended September 27, 2026. The same outlook called for a GAAP operating margin of 39.50 percent and GAAP earnings per share of USD 2.15, plus or minus USD 0.15, as Plus500 reported on October 19, 2026.

Stock sits below its yearly high

The Nasdaq quote was USD 263.00 at 9:50 a.m. ET on October 20, 2026, with volume of 897,520 shares. Its 52-week range was USD 135.50 to USD 438.50, putting the quote 40.02 percent below the high. The market capitalization was USD 329.1 billion, while the price-to-earnings ratio stood at 45.63.

What will the next report test?

StockStory said on October 20, 2026 that analysts expected September-quarter revenue to grow 53.70 percent year over year. The next reported event is scheduled for October 21, 2026, after the US market close, with the earnings call set for 5:00 p.m. ET, according to Plus500.

Revenue growth meets a lower target

The analyst revision creates a sharper test for the September figures. B. Riley's USD 338.00 target remains USD 75.00 above the Nasdaq quote of USD 263.00, a 28.52 percent difference, while the company enters the report with a 39.50 percent margin outlook. The combination gives investors two concrete benchmarks: execution against the USD 8.10 billion revenue guide and the market's response to the reduced target.

Lam Research price and analyst view

The analyst target now sits below B. Riley's previous USD 390.00 level, but the rating remains Buy. The next company update on October 21, 2026 will put the revenue and margin figures into the market's next assessment.

The further course of trading is shown by the continuously updated real-time quote of Lam Research stock.