Lam Research (LRCX) Stock Forecast & Price Target

$73.14 +0.50 (+0.69%)

(As of 08:20 PM ET)

Lam Research - Analysts' Recommendations and Stock Price Forecast (2024)

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 19 Analyst Ratings

Sell
0

Hold
6

Buy
13

Based on 19 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 19 analysts, 6 have given a hold rating, and 13 have given a buy rating for LRCX.

Consensus Price Target

$97.97
33.95% Upside

According to the 19 analysts' twelve-month price targets for Lam Research, the average price target is $97.97. The highest price target for LRCX is $120.00, while the lowest price target for LRCX is $77.00. The average price target represents a forecasted upside of 33.95% from the current price of $73.14.

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LRCX Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
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)	14 Buy rating(s)	15 Buy rating(s)	15 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$97.97	$97.03	$100.61	$66.70
Forecasted Upside	33.95% Upside	24.91% Upside	22.63% Upside	-7.04% 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	2.68	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	34.87% Upside	527.67% Upside	7.66% 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
10/24/2024	BNP Paribas 3 of 5 stars	J. Ramel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
10/24/2024	Cantor Fitzgerald 3 of 5 stars		Reiterated Rating	Neutral ➝ Neutral	$100.00 ➝ $100.00	+32.35%
10/24/2024	Stifel Nicolaus 4 of 5 stars		Reiterated Rating	Buy ➝ Buy	$105.00 ➝ $100.00	+32.45%
10/24/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$88.00 ➝ $85.00	+12.40%
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	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$81.00 ➝ $77.00	+5.70%
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.
10/23/2024	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%
7/27/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$50.00 ➝ $55.00	-14.38%
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 Monday at 02:44 PM 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 Sunday, November 24, 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. reported a quarterly revenue of $4.17 billion, exceeding analyst estimates of $4.06 billion, indicating strong financial performance and demand for its semiconductor processing equipment.
The company has a robust net margin of 26.02%, which suggests efficient management and profitability, making it an attractive option for investors seeking stable returns.
With a current stock price of $70.17, Lam Research Co. is trading at a more accessible level compared to its one-year high of $113.00, potentially offering a buying opportunity for investors looking for value.
Institutional investors hold 84.61% of the company's stock, reflecting strong confidence from large financial entities, which can be a positive indicator for retail investors.
Lam Research Co. has announced a quarterly dividend of $0.23 per share, providing a yield of 1.31%, which can attract income-focused investors looking for regular cash flow.

Lam Research
Bear Case

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

The stock has experienced a decline of 0.6% recently, which may indicate short-term volatility and uncertainty in the market.
Analysts have varied opinions on the stock, with some reducing their price targets, suggesting potential concerns about future performance and market conditions.
Lam Research Co. has a relatively high P/E ratio of 22.63, which may indicate that the stock is overvalued compared to its earnings, posing a risk for new investors.
Recent insider selling, including a significant transaction by the chief accounting officer, could signal a lack of confidence in the company's short-term prospects.
The semiconductor industry is subject to rapid technological changes and competitive pressures, which could impact Lam Research Co.'s market position and profitability in the future.

LRCX Forecast - Frequently Asked Questions

: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Lam Research is $97.97, with a high forecast of $120.00 and a low forecast of $77.00.
: 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last twelve months. There are currently 6 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 33.95% 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, Citigroup, Mizuho, Morgan Stanley, Needham & Company LLC, Stifel Nicolaus, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Lam Research more than other "computer and technology" companies. The consensus rating score for Lam Research is 2.68 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how LRCX compares to other companies.

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This page (NASDAQ:LRCX) was last updated on 11/25/2024 by MarketBeat.com Staff

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Lam Research (LRCX) Stock Forecast & Price Target