Morgan Stanley raises target for Lam Research stock from USD 367 to USD 385

Published on 10/19/2026 at 10:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lam Research guides for USD 8.10 billion in September-quarter revenue. Lam Research stock costs EUR 243.70 on October 19, 2026 before results.

Earnings setup before October 21

Morgan Stanley lifted its Lam Research target from USD 367.00 to USD 385.00 on October 5, 2026.
September-quarter guidance calls for USD 8.10 billion in revenue versus USD 6.72 billion in the June quarter.
Lam Research stock trades at EUR 243.70 at 10:13 a.m. CEST at Lang & Schwarz on October 19, 2026.

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Lam Research Corporation (ISIN US5128073062) had its price target raised by Morgan Stanley from USD 367.00 to USD 385.00 on October 5, 2026, while the firm kept its Overweight rating, according to Yahoo Finance. Lam Research stock was trading at EUR 243.70 at Lang & Schwarz on October 19, 2026 at 10:13 a.m. CEST.

The target rises before results

The analyst move arrives before Lam Research reports its September-quarter results. Morgan Stanley also raised its system-shipment growth forecast to 50 percent for calendar year 2026 and 47 percent for calendar year 2027, according to Yahoo Finance. The higher target therefore rests on expected equipment demand rather than on a reported September-quarter result.

Growth rests on guidance

Lam Research's chronology shows three quantified steps. On July 29, 2026, the company reported June-quarter revenue of USD 6.72 billion, up 30.00 percent year over year, and adjusted earnings per share of USD 1.82, according to Yahoo Finance. On October 1, 2026, B. Riley Securities raised its target from USD 350.00 to USD 390.00. On October 5, 2026, Morgan Stanley raised its target from USD 367.00 to USD 385.00, as reported by TradingView.

For the September quarter, Lam guided revenue to USD 8.10 billion, with a range of USD 7.70 billion to USD 8.50 billion. The midpoint is USD 1.38 billion above the June-quarter figure, a 20.53 percent increase. Lam also guided adjusted earnings per share to USD 2.15 at the midpoint, versus USD 1.82 in the June quarter, according to TradingView. The comparison gives the October report a clear test: delivery against guidance matters more than the target revisions alone.

The next dated test

The next substantiated date is October 21, 2026, when Lam Research is scheduled to release its September-quarter results after the market closes. The earnings call is scheduled for 5:00 p.m. ET, according to Zacks. The report will test whether the USD 8.10 billion revenue guide and USD 2.15 adjusted earnings-per-share midpoint remain credible.

Stock price before the report

Lam Research is listed on Nasdaq under ticker LRCX. Its business supplies deposition, etch, cleaning and related equipment for semiconductor manufacturing. The latest annual figures show fiscal-year 2026 revenue of USD 23.23 billion and net income of USD 7.27 billion, compared with USD 18.44 billion and USD 5.36 billion in fiscal year 2025.

Lam Research was trading at EUR 243.70 at Lang & Schwarz on October 19, 2026 at 10:13 a.m. CEST. The current euro quotation is the key German-market reference ahead of the report. The further course of trading is shown by the continuously updated real-time quote of Lam Research stock.