Lam Research stock gets a USD 385 target from Morgan Stanley

Published on 10/05/2026 at 20:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lam Research stock faces a USD 385 Morgan Stanley target after a USD 6.72 billion quarter. The October 21 results date now anchors the next demand test.

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Lam Research stock (ISIN US5128073062) was trading at USD 343.96 on Nasdaq at 2:50 p.m. ET on October 5, 2026, down 1.02 percent on the session. Stocktwits reported that Morgan Stanley raised its price target from USD 367 to USD 385 on October 5 while retaining an Overweight rating.

Morgan Stanley lifts the target

The new target lies 11.9 percent above the Nasdaq price. Morgan Stanley also lifted its calendar 2027 revenue forecast to USD 40.5 billion from USD 39.6 billion and its EPS forecast to USD 11.58 from USD 11.26, according to Seeking Alpha on October 5, 2026.

The analyst view is tied to logic-market-share gains and stronger wafer-fabrication equipment demand. The same report said Morgan Stanley sees December-quarter revenue potentially above USD 9 billion, compared with a market consensus of USD 8.5 billion.

Revenue reached USD 6.72 billion

Lam Research's June quarter produced USD 6.72 billion in revenue and adjusted EPS of USD 1.82, versus a USD 1.69 consensus estimate, according to MarketBeat. Revenue increased 30.0 percent from the year-earlier quarter, while EPS exceeded consensus by USD 0.13.

For the September quarter, Lam Research guided to USD 8.10 billion in revenue, non-GAAP gross margin of 52 percent and operating margin of 39.5 percent, as Stocktwits reported on October 5, 2026. The guidance implies a larger revenue base for the next report than the USD 6.72 billion recorded in June.

October 21 sets the next test

Lam Research is scheduled to report its September-quarter results on October 21, 2026. A Yahoo Finance page carrying the company release said the quarterly conference call will begin at 5:00 p.m. ET.

The market is therefore weighing two concrete benchmarks: the guided USD 8.10 billion September-quarter revenue and the USD 9 billion-plus December-quarter scenario cited by Morgan Stanley. The gap between those figures makes execution, rather than a higher target alone, the key near-term measure.

Stock remains below its yearly high

Lam Research was trading at USD 343.96 on Nasdaq at 2:50 p.m. ET on October 5, 2026. Its 52-week range was USD 131.02 to USD 438.50, and its market capitalization was USD 430.1 billion.