Lam Research (LRCX) Stock Forecast & Price Target

$73.00

+0.16 (+0.22%)

(As of 10/22/2024 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
5

Buy
14

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, 5 have given a hold rating, and 14 have given a buy rating for LRCX.

Consensus Price Target

$141.28
93.54% Upside

According to the 19 analysts' twelve-month price targets for Lam Research, the average price target is $141.28. The highest price target for LRCX is $880.00, while the lowest price target for LRCX is $77.40. The average price target represents a forecasted upside of 93.54% from the current price of $73.00.

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LRCX Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	14 Buy rating(s)	14 Buy rating(s)	14 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	6 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	$141.28	$101.28	$98.60	$66.00
Forecasted Upside	93.54% Upside	29.18% Upside	11.53% Upside	9.27% Upside
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	2.74	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	93.54% Upside	1,036.01% Upside	7.98% Upside
News Sentiment Rating	Neutral News See Recent LRCX News	Neutral 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
10/3/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$1,000.00 ➝ $880.00	+988.57%
9/30/2024	Cantor Fitzgerald 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$120.00 ➝ $100.00	+21.95%
9/20/2024	Mizuho 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$105.00 ➝ $95.00	+23.74%
9/17/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$92.90 ➝ $77.40	+2.05%
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%
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.
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	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$113.00 ➝ $113.00	+22.66%
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%
6/20/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Ellis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$113.00 ➝ $132.50	+21.61%
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	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$95.00 ➝ $105.00	+10.97%
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 Wednesday at 09:23 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 Sunday, October 13, 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. stock has a 52-week high of $1,130.00, indicating potential for significant growth.
Insider selling activity, while notable, could also be interpreted as a sign of confidence in the company's future performance.
Analysts have set a consensus target price of $1,012.84, suggesting a positive outlook on the stock.
Lam Research Co. has a market capitalization of $102.51 billion, reflecting its position as a major player in the industry.
Recent upgrades by research analysts from "hold" to "buy" ratings could signal positive momentum for the stock.

Lam Research
Bear Case

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

Lam Research Co. stock traded down to $81.11 recently, indicating potential volatility and downside risk.
Debt-to-equity ratio of 0.52 may raise concerns about the company's financial leverage.
Recent price target adjustments by analysts, including both increases and decreases, could lead to uncertainty in stock performance.
Current price-to-earnings ratio of 28.84 may suggest the stock is relatively expensive compared to industry peers.
The company's 50-day moving average price is $95.45, potentially indicating short-term price weakness.

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 $141.28, with a high forecast of $880.00 and a low forecast of $77.40.
: 19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" LRCX shares.
: According to analysts, Lam Research's stock has a predicted upside of 93.54% based on their 12-month stock forecasts.
: Lam Research has been rated by research analysts at Cantor Fitzgerald, Citigroup, Deutsche Bank Aktiengesellschaft, Mizuho, Morgan Stanley, Needham & Company LLC, TD Cowen, 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 2.74 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how LRCX compares to other companies.