Lam Research sees fresh analyst target hikes, shares under pressure after chip selloff
23.06.2026 - 20:50:56 | ad-hoc-news.de
By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 20:49.
Lam Research (US5128071082) faces a marked contrast on Tuesday: fresh analyst price target hikes on the one hand, and a double-digit intraday drop of its Nasdaq-listed shares on the other, according to market data from NASDAQ and MarketBeat.
What analysts are signaling now
BofA Securities raised its price target for Lam Research to 480 US dollars from 330 dollars in a research update published on June 22, citing stronger prospects in wafer fabrication equipment tied to artificial intelligence and advanced logic nodes, according to a MarketScreener summary of broker actions.
On the same day, Wells Fargo lifted its price target to 450 dollars from 320 dollars while maintaining an Overweight rating, underscoring Lam’s leverage to the next upcycle in semiconductor equipment spending and continued strength in AI-related orders, as reported in the same analyst roundup.
How the consensus looks for Lam Research
Across Wall Street, Lam Research is broadly rated positively by brokers including Morgan Stanley, TD Cowen and Wells Fargo, with a majority of recommendations in the Buy or Overweight camp and a minority at Hold, based on recent data compiled by Finviz and other analyst trackers for Nasdaq constituent LRCX. Finviz’s analyst overview for LRCX shows multiple upgrades since January 2026, including a move by Morgan Stanley to Overweight in mid-May.
In terms of price targets, the broker spectrum now spans roughly the mid-200 dollar range up to the new 480 dollar target from BofA Securities, framing Lam’s valuation against expectations for wafer fabrication equipment demand around 140 billion US dollars over the coming cycle, according to recent company commentary aggregated by Simply Wall St. Analysis of Lam’s AI-driven order momentum
All news and analysis on the Lam Research shares
Follow further corporate updates, analyst assessments and price data on Lam Research in the dedicated topic area on ad-hoc-news.de and the company’s own investor relations pages.
The product behind the stock
Lam Research generates its revenue primarily by supplying etch and deposition equipment for front-end wafer processing, including its well-known VECTOR plasma-enhanced chemical vapor deposition platforms used by chipmakers such as TSMC and Samsung in advanced logic and memory production lines.
Where the stock trades today
The Lam Research shares (US5128071082) trade on NASDAQ under the ticker LRCX; at 2026-06-23, 11:22 Eastern Time, MarketBeat cites a price of 367.68 US dollars, down about 10.2 percent on the day.
Key data on the Lam Research shares
- Company: Lam Research Corporation
- ISIN: US5128071082
- WKN: 869686
- Ticker: LRCX
- Trading venue: NASDAQ
- Price (as of 2026-06-23, 11:22): 367.68 USD
- Market cap: around 48 billion USD (as of 2026-06-23)
- Sector / industry: Semiconductor equipment
- Index membership: NASDAQ-100
- Next earnings date: not officially scheduled
Disclaimer: This article is for informational purposes only and does not constitute investment advice, investment recommendation or an invitation to buy or sell any securities. All data are based on sources considered reliable but without guarantee. Readers should conduct their own research or consult a professional advisor before making investment decisions.
