Lam Research stock climbs to a record high. BofA lifts its target.

Lam Research stock extended its rally after Bank of America raised its price target to $480 and kept a Buy rating, while the shares closed at a record $410.91 on June 29.

By Anna Walker, Analysts & Consensus desk. Reviewed on June 30, 2026 at 3:01 p.m. ET.

Lam Research Corporation (US5324571083) drew fresh attention after a Bank of America target lift reported by MEXC said the firm raised its price target to $480 and kept a Buy rating. The stock finished June 29 at $410.91, up 8.39% for the session, according to MarketBeat.

BofA reset the bar

The new target places Lam Research above the latest close and comes after a session that also pushed the shares to a record high of $410.41 during trading, MEXC reported. MarketBeat showed extended trading at $418.20 as of June 30, 8:42 a.m. Eastern.

The semiconductor backdrop

Lam Research sits in the Nasdaq-listed semiconductor equipment group, giving the stock a direct US-market anchor for investors tracking chip spending and capital intensity. MarketBeat's company snapshot also cited recent quarterly revenue growth of 23.8% year over year and earnings per share of $1.47 versus $1.36 expected.

What Lam sells

Lam Research's core business is wafer fabrication equipment, especially deposition and etch tools used in advanced chip manufacturing. The company says those systems help customers build more complex logic and memory devices.

Price and close

As of June 30, 2026, 8:42 a.m. ET, Lam Research shares traded at $418.20 on MarketBeat's extended-trading snapshot. That follows a June 29 Nasdaq close of $410.91.

Lam Research fact box

• Company: Lam Research Corporation
• ISIN: US5324571083
• Ticker: LRCX
• Exchange: Nasdaq
• Price (as of June 30, 2026, 8:42 a.m. ET): $418.20 USD
• Market cap: $513.86 billion
• Sector / Industry: Information Technology / Semiconductor Equipment
• Index membership: not yet officially scheduled

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