Lam Research (LRCX) Stock Forecast & Price Target

$73.40 -0.59 (-0.80%)

(As of 12/27/2024 05:45 PM ET)

Lam Research - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 20 Analyst Ratings

Sell
0

Hold
7

Buy
13

Based on 20 Wall Street analysts who have issued ratings for Lam Research in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 20 analysts, 7 have given a hold rating, and 13 have given a buy rating for LRCX.

Consensus Price Target

$97.24
32.48% Upside

According to the 20 analysts' twelve-month price targets for Lam Research, the average price target is $97.24. The highest price target for LRCX is $120.00, while the lowest price target for LRCX is $78.00. The average price target represents a forecasted upside of 32.48% from the current price of $73.40.

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LRCX Analyst Ratings Over Time

Type	Current Forecast 12/29/23 to 12/28/24	1 Month Ago 11/29/23 to 11/28/24	3 Months Ago 9/30/23 to 9/29/24	1 Year Ago 12/29/22 to 12/29/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	14 Buy rating(s)	14 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$97.24	$97.97	$101.28	$68.58
Forecasted Upside	32.48% Upside	36.89% Upside	22.45% Upside	-12.45% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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LRCX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

LRCX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Lam Research Stock vs. The Competition

Type	Lam Research	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.65	2.69	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	32.48% Upside	417.77% Upside	14.07% Upside
News Sentiment Rating	Positive News See Recent LRCX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/6/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$85.00 ➝ $83.00	+10.21%
12/5/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$76.00 ➝ $78.00	+0.13%
11/29/2024	Sanford C. Bernstein 3 of 5 stars		Lower Target	Market Perform ➝ Market Perform	$95.00 ➝ $85.00	+18.76%
10/24/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Ramel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
10/24/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$100.00 ➝ $100.00	+32.35%
10/24/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$105.00 ➝ $100.00	+32.45%
Get the Latest News and Ratings for LRCX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Lam Research and its competitors with MarketBeat's FREE daily newsletter.
10/24/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$100.00 ➝ $100.00	+37.25%
10/23/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Ellis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$132.50 ➝ $105.00	+44.13%
9/20/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$105.00 ➝ $95.00	+23.74%
9/16/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$99.00 ➝ $89.30	+18.88%
9/12/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$125.00 ➝ $115.00	+53.89%
8/1/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$110.00 ➝ $95.00	+15.45%
8/1/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$100.00 ➝ $105.00	+13.98%
6/7/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$95.00 ➝ $106.00	+9.93%
6/5/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$86.50 ➝ $90.00	-6.50%
5/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy	$98.00 ➝ $110.00	+20.16%
4/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$90.00 ➝ $95.00	+5.04%
4/25/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$88.00 ➝ $85.00	-3.94%
4/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$120.00	+26.83%
1/25/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$70.00 ➝ $91.20	+4.59%
11/22/2023	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$80.00	+13.09%
9/14/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$82.50	+25.68%
4/20/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$53.00 ➝ $55.50	+6.92%
3/1/2023	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
1/3/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Chung Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 03:24 AM ET.

Should I Buy Lam Research Stock? LRCX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, December 18, 2024. Please send any questions or comments about these Lam Research pros and cons to contact@marketbeat.com.

Lam Research
Bull Case

Here are some ways that investors could benefit from investing in Lam Research Co.:

Lam Research Co. has recently reported a quarterly earnings per share of $0.86, exceeding analysts' expectations of $0.81, indicating strong financial performance.
The company has a solid market capitalization of approximately $98.55 billion, reflecting its significant presence in the semiconductor industry.
With a current stock price of $76.59, there may be potential for price appreciation, especially considering the average target price from analysts is around $97.24.
Lam Research Co. has a robust return on equity of 50.60%, suggesting effective management and profitability relative to shareholder equity.
The company has a history of paying dividends, with a recent announcement of a quarterly dividend of $0.23 per share, providing a yield of 1.25%, which can be attractive for income-focused investors.

Lam Research
Bear Case

Investors should be bearish about investing in Lam Research Co. for these reasons:

Wells Fargo & Company recently lowered its price target for Lam Research Co. from $85.00 to $83.00, indicating a more cautious outlook on the stock's performance.
The stock has experienced a significant decline from its one-year high of $113.00, which may raise concerns about its current valuation and market sentiment.
Analysts have expressed mixed ratings, with eight analysts rating the stock as a hold, suggesting uncertainty about its future growth potential.
The company has a beta of 1.46, indicating higher volatility compared to the market, which could pose risks for investors seeking stability.
Recent downgrades from various analysts, including a shift from "buy" to "hold" ratings, may signal potential challenges ahead for Lam Research Co. in maintaining its growth trajectory.

LRCX Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Lam Research is $97.24, with a high forecast of $120.00 and a low forecast of $78.00.
: 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last twelve months. There are currently 7 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LRCX shares.
: According to analysts, Lam Research's stock has a predicted upside of 32.48% based on their 12-month stock forecasts.
: Over the previous 90 days, Lam Research's stock had 1 upgrade by analysts.
: Lam Research has been rated by research analysts at B. Riley, BNP Paribas, Cantor Fitzgerald, Morgan Stanley, Needham & Company LLC, Sanford C. Bernstein, Stifel Nicolaus, and Wells Fargo & Company in the past 90 days.
: Analysts like Lam Research less than other "computer and technology" companies. The consensus rating score for Lam Research is 2.65 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how LRCX compares to other companies.

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This page (NASDAQ:LRCX) was last updated on 12/28/2024 by MarketBeat.com Staff

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Lam Research (LRCX) Stock Forecast & Price Target