Morgan Stanley lifts target for Lam Research stock to USD 385.00

Published on 10/16/2026 at 15:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lam Research had a USD 339.4 billion market value on October 16, 2026. Lam Research stock costs EUR 242.33 on October 16, 2026 at 3:38 p.m. CEST.

Analyst target and valuation

Morgan Stanley lifted its Lam Research target from USD 367.00 to USD 385.00 on October 5, 2026.
Lam Research stock had a USD 135.50 to USD 438.50 52-week range on October 16, 2026.
Lam Research stock costs EUR 242.33 at Lang & Schwarz on October 16, 2026 at 3:38 p.m. CEST.
Lam Research had a USD 339.4 billion market capitalization and a 47.16 price-to-earnings ratio on October 16, 2026.

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Lam Research (ISIN US5128073062) faces a USD 385.00 Morgan Stanley target, 41.94 percent above the USD 271.24 Nasdaq price on October 16, 2026. According to Benzinga, Morgan Stanley analyst Shane Brett lifted the target from USD 367.00 to USD 385.00 on October 5, 2026. Lam Research was trading at EUR 242.33 at Lang & Schwarz on October 16, 2026 at 3:38 p.m. CEST.

Target sits above the Nasdaq price

The target gap is calculated against the USD 271.24 Nasdaq price, not against the euro quotation. That distinction matters because the German trading view and the home-market quotation use different currencies. The 41.94 percent difference puts the analyst target well above the latest US-market level, while the target itself remains a dated analyst view rather than a company forecast.

Range shows a wide trading span

Lam Research had a USD 135.50 to USD 438.50 52-week range on October 16, 2026. The USD 271.24 Nasdaq price stood 38.14 percent below the high and 100.18 percent above the low. Benzinga reported that the stock had fallen for nine consecutive sessions through October 15, 2026, while it remained 60.00 percent higher year to date in that report.

Valuation and company scale

Lam Research had a USD 339.4 billion market capitalization and a 47.16 price-to-earnings ratio on October 16, 2026. The company supplies equipment used in semiconductor manufacturing, including systems for etching, deposition and wafer cleaning. Its scale links the valuation closely to spending plans across chip production, but the quoted figures describe the stock's position rather than a forecast.

Comparison with peers

Lam Research: P/E 47.16, market capitalization USD 339.4 billion

Applied Materials (Nasdaq, USD): minus 1.92 percent, P/E 36.33, market capitalization USD 334.7 billion

ASML (Nasdaq, USD): plus 1.05 percent, P/E 42.43, market capitalization USD 645.5 billion

Price and market position

The Nasdaq quotation was USD 271.24 at 9:53 a.m. ET on October 16, 2026, while the euro quotation was EUR 242.33 at 3:38 p.m. CEST. The two levels should be read separately because they belong to different venues and currencies. The next investor reference point is Lam Research's scheduled results date of October 21, 2026, as reported by EconoTimes.

What the figures mean for the stock

The combination of a USD 339.4 billion market capitalization, a 47.16 price-to-earnings ratio and a USD 385.00 Morgan Stanley target frames the current debate around valuation and expected semiconductor-equipment demand. The 52-week range adds a second perspective: the latest Nasdaq price is below the annual high but materially above the annual low. MarketBeat reported a USD 48.17 price-to-earnings ratio and a USD 347.22 billion market capitalization on October 15, 2026, providing a close but different snapshot.

Lam Research stock was trading at EUR 242.33 at Lang & Schwarz on October 16, 2026 at 3:38 p.m. CEST.

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