Morgan Stanley raises target for Lam Research stock to USD 385.00

Published on 10/06/2026 at 12:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley sees 50.00 percent shipment growth in 2026. Lam Research stock costs EUR 307.63 on October 6, 2026 versus EUR 308.00.

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Lam Research (ISIN US5128073062) stood at EUR 307.63 at Lang & Schwarz on October 6, 2026 at 12:00 p.m. CEST, while Morgan Stanley lifted its outlook for the semiconductor equipment maker. According to Markets Insider on October 5, 2026, Morgan Stanley raised its Lam Research price target from USD 367.00 to USD 385.00 and kept an Overweight rating.

Morgan Stanley raises its growth case

The updated target rests on stronger confidence in Lam's logic-related share gains. Morgan Stanley also raised its system shipment growth forecasts to 50.00 percent for calendar year 2026 and 47.00 percent for calendar year 2027, according to TradingView. The same report said analyst Shane Brett expects a solid December-quarter result, making the next earnings release the key test of the revised view.

Lam's latest reported quarter provides the operating baseline. MarketBeat reported that the company delivered USD 1.82 in earnings per share and USD 6.72 billion in revenue in the June quarter. Revenue increased 30.00 percent year over year, while earnings per share exceeded the USD 1.69 consensus by USD 0.13.

September guidance sets the hurdle

For the quarter ending September 27, 2026, Lam expects revenue of USD 8.10 billion plus or minus USD 400.00 million, according to Simply Wall St. The company also guided to a US GAAP operating margin of 39.50 percent plus or minus 1.00 percentage point and US GAAP diluted earnings per share of USD 2.15 plus or minus USD 0.15.

That outlook implies a demanding comparison with the June quarter's USD 6.72 billion revenue. The market will therefore be measuring both the 20.00 percent sequential growth implied by the guidance midpoint and whether the margin range holds as demand expands.

EUR 307.63 versus prior close

At Lang & Schwarz, Lam Research was trading at EUR 307.63 on October 6, 2026 at 12:00 p.m. CEST, down 0.12 percent versus the prior close of EUR 308.00 on October 5, 2026. Primary-exchange context from October 5, 2026 put the Nasdaq quote at USD 345.80, with a market capitalization of USD 432.4 billion and a 52-week range of USD 131.02 to USD 438.50.

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