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Lam Research (LRCX) Stock Forecast, Price Target & Predictions

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LRCX Stock Forecast

Lam Research stock forecast is as follows: an average price target of $96.00 (represents a 32.91% upside from LRCX’s last price of $72.23) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.

LRCX Price Target

The average price target for Lam Research (LRCX) is $96.00 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $115.00 to $75.00. This represents a potential 32.91% upside from LRCX's last price of $72.23.

LRCX Analyst Ratings

Buy

According to 16 Wall Street analysts, Lam Research's rating consensus is 'Buy'. The analyst rating breakdown for LRCX stock is 0 'Strong Buy' (0.00%), 10 'Buy' (62.50%), 6 'Hold' (37.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Lam Research Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 24, 2024Melissa WeathersDeutsche Bank$75.00$72.862.94%3.83%
Oct 22, 2024Craig EllisB.Riley Financial$105.00$72.8444.15%45.37%
Oct 22, 2024Brian ChinStifel Nicolaus$105.00$72.8444.15%45.37%
Oct 15, 2024Srini PajjuriRaymond James$100.00$85.7016.69%38.45%
Oct 03, 2024Joseph MooreMorgan Stanley$77.00$80.81-4.71%6.60%
Sep 20, 2024Vijay RakeshMizuho Securities$95.00$78.9120.39%31.52%
Sep 12, 2024Timothy ArcuriUBS$115.00$75.2152.90%59.21%
Sep 12, 2024Vijay RakeshMizuho Securities$105.00$75.1039.82%45.37%
Jun 05, 2024Tom O'MalleyBarclays$90.00$92.27-2.46%24.60%
May 22, 2024Joseph QuatrochiWells Fargo$98.00$96.401.66%35.68%
Apr 25, 2024Charles ShiNeedham$95.00$89.825.76%31.52%
Apr 25, 2024Craig EllisB.Riley Financial$113.00$88.4927.70%56.44%
Apr 25, 2024Mehdi HosseiniSusquehanna$85.00$88.49-3.94%17.68%
Apr 25, 2024Vijay RakeshMizuho Securities$96.00$88.498.49%32.91%
Apr 25, 2024Tom O'MalleyBarclays$86.50$88.49-2.25%19.76%
Apr 19, 2024Craig EllisB.Riley Financial$110.00$88.8923.75%52.29%
Apr 18, 2024Quinn BoltonNeedham$103.00$89.6114.95%42.60%
Apr 16, 2024Brian ChinStifel Nicolaus$105.00$96.329.01%45.37%
Apr 11, 2024Melissa WeathersDeutsche Bank$100.00$96.163.99%38.45%
Apr 08, 2024Timothy ArcuriUBS$113.00$96.8616.67%56.44%
Oct 19, 2023Mehdi HosseiniSusquehanna$61.50$60.581.51%-14.86%
Oct 19, 2023Charles ShiNeedham$80.00$60.5832.05%10.76%
Dec 12, 2022Deutsche Bank$52.00$45.0215.50%-28.01%
Nov 30, 2022UBS$53.00$44.3719.46%-26.62%
Oct 20, 2022Vijay RakeshMizuho Securities$40.00$35.1813.71%-44.62%
Oct 19, 2022Atif MalikCitigroup$56.00$33.0169.66%-22.47%
Oct 05, 2022Joe MooreMorgan Stanley$54.30$40.3734.51%-24.82%
Jul 11, 2022Timothy ArcuriUBS$51.00$41.5122.86%-29.39%
Apr 26, 2022Blayne CurtisBarclays$62.50$46.0735.65%-13.47%
Apr 21, 2022Piper Sandler$59.60$48.1523.79%-17.49%
Apr 21, 2022Toshiya HariGoldman Sachs$61.20$46.9530.35%-15.27%
Apr 21, 2022Mehdi HosseiniSusquehanna$55.00$46.9517.14%-23.85%
Apr 21, 2022Joseph MooreMorgan Stanley$62.50$46.9533.12%-13.47%
Apr 20, 2022Vijay RakeshMizuho Securities$67.50$48.1540.20%-6.55%
Apr 18, 2022Joseph QuatrochiWells Fargo$52.50$47.0511.57%-27.32%
Apr 18, 2022Craig EllisB.Riley Financial$62.50$47.0532.82%-13.47%
Apr 17, 2022Sidney HoDeutsche Bank$56.00$45.6222.76%-22.47%
Apr 11, 2022Patrick HoStifel Nicolaus$83.70$47.5875.93%15.88%
Mar 21, 2022Atif MalikCitigroup$75.00$53.6939.70%3.83%
Jan 27, 2022Joseph MooreMorgan Stanley$73.00$55.3531.88%1.07%
Jan 27, 2022C J MuseEvercore ISI$80.00$55.3544.53%10.76%
Jan 18, 2022Tammy QiuBerenberg Bank$84.00$67.6824.11%16.30%
Jan 14, 2022Mark LipacisJefferies$86.90$72.7519.45%20.31%
Jan 10, 2022Vivek AryaBank of America Securities$78.50$66.2218.55%8.68%
Dec 21, 2021Joseph QuatrochiWells Fargo$66.00$68.09-3.07%-8.63%
Sep 07, 2021Jerome RamelBNP Paribas$64.00$58.858.74%-11.39%
Jul 29, 2021Krish SankarCowen & Co.$80.00$61.4830.13%10.76%
Apr 23, 2021Thomas DiffelyD.A. Davidson$72.50$62.1316.68%0.37%
Apr 16, 2021John PitzerCredit Suisse$75.00$63.7417.67%3.83%
Apr 15, 2021Jim KelleherArgus Research$72.50$64.3112.73%0.37%

The latest Lam Research stock forecast, released on Oct 24, 2024 by Melissa Weathers from Deutsche Bank, set a price target of $75.00, which represents a 2.94% increase from the stock price at the time of the forecast ($72.86), and a 3.83% increase from LRCX last price ($72.23).

Lam Research Price Target by Period

1M3M12M
# Anlaysts-520
Avg Price Target-$92.40$98.58
Last Closing Price$72.23$72.23$72.23
Upside/Downside-100.00%27.92%36.48%

In the current month, the average price target of Lam Research stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Lam Research's last price of $72.23. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 24, 2024Wells FargoBuyBuyHold
Oct 24, 2024Cowen & Co.BuyBuyHold
Oct 24, 2024B. RileyBuyBuyHold
Oct 24, 2024Deutsche BankHoldHoldHold
Oct 15, 2024Raymond JamesOutperformOutperformHold
Sep 17, 2024Wells FargoBuyBuyHold
Sep 17, 2024UBSUnderperformUnderperformHold
Sep 17, 2024Morgan StanleyCautiousCautiousHold
Sep 12, 2024UBSBuyBuyHold
Aug 01, 2024Cowen & Co.BuyBuyHold
Jun 20, 2024B. RileyBuyBuyHold
Jun 07, 2024Raymond JamesOutperformOutperformHold
Jun 05, 2024BarclaysEqual-WeightEqual-WeightHold
May 22, 2024Wells FargoEqual-WeightEqual-WeightHold
May 21, 2024CitigroupBuyBuyHold
May 21, 2024Deutsche BankHoldHoldHold
May 13, 2024Wells FargoBuyBuyHold
May 13, 2024UBSUnderperformUnderperformHold
Apr 25, 2024KeyBancSector WeightSector WeightHold
Apr 25, 2024Mizuho SecuritiesBuyBuyHold
Apr 25, 2024B. RileyBuyBuyHold
Apr 25, 2024Cowen & Co.BuyBuyHold
Apr 25, 2024SusquehannaNeutralNeutralHold
Apr 25, 2024BarclaysEqual-WeightEqual-WeightHold
Apr 25, 2024CitigroupBuyBuyHold
Apr 18, 2024NeedhamBuyBuyHold
Apr 15, 2024Evercore ISIOutperformInitialise
Apr 08, 2024UBSBuyBuyHold
Apr 02, 2024Wells FargoBuyBuyHold
Mar 05, 2024UBSBuyBuyHold
Feb 20, 2024SusquehannaBuyBuyHold
Oct 19, 2023B. Riley SecuritiesNeutralNeutralHold
Oct 19, 2023Raymond JamesOutperformOutperformHold
Oct 19, 2023NeedhamBuyBuyHold
Jul 27, 2023KeyBancCautiousCautiousHold
Jul 27, 2023NeedhamHoldHoldHold
Jul 27, 2023BernsteinMarket PerformMarket PerformHold
Dec 12, 2022Deutsche BankHoldBuyUpgrade
Nov 30, 2022UBSBuyBuyHold
Oct 20, 2022KeyBancSector WeightSector WeightHold
Oct 20, 2022NeedhamHoldHoldHold
Oct 20, 2022Goldman SachsBuyBuyHold
Oct 20, 2022Summit Insights GroupBuyUpgrade
Oct 13, 2022NeedhamBuyBuyHold
Jul 27, 2022Goldman SachsBuyBuyHold
Jul 25, 2022BarclaysOverweightOverweightDowngrade
Jul 11, 2022UBSBuyBuyHold
Apr 26, 2022BarclaysOverweightOverweightHold
Apr 23, 2022B. RileyBuyBuyHold
Apr 20, 2022Morgan StanleyOverweightOverweightHold
Apr 17, 2022Deutsche BankHoldHoldHold

Lam Research's last stock rating was published by Wells Fargo on Oct 24, 2024. The company gave LRCX a "Buy" rating, the same as its previous rate.

Lam Research Financial Forecast

Lam Research Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$3.76B$3.48B$3.21B$3.87B$5.28B$5.07B$4.64B$4.06B$4.23B$4.30B$4.15B$3.85B$3.46B$3.18B
Avg Forecast$5.60B$5.53B$5.31B$5.31B$5.32B$5.19B$5.01B$4.82B$4.68B$4.59B$4.44B$4.33B$4.31B$4.06B$3.82B$3.72B$3.71B$3.42B$3.13B$3.82B$5.10B$4.92B$4.21B$4.25B$4.41B$4.32B$4.03B$3.72B$3.34B$3.11B
High Forecast$5.84B$5.77B$5.55B$5.54B$5.55B$5.41B$5.23B$5.03B$4.89B$4.79B$4.63B$4.51B$4.33B$4.06B$3.82B$3.72B$3.75B$3.57B$3.27B$3.98B$5.30B$4.92B$4.21B$4.25B$4.41B$4.32B$4.03B$3.72B$3.34B$3.11B
Low Forecast$5.44B$5.37B$5.16B$5.16B$5.16B$5.04B$4.87B$4.68B$4.55B$4.46B$4.31B$4.22B$4.30B$4.06B$3.82B$3.72B$3.70B$3.32B$3.04B$3.71B$4.98B$4.92B$4.21B$4.25B$4.41B$4.32B$4.03B$3.72B$3.34B$3.11B
# Analysts777788881212121515766136665551112111091010
Surprise %----------------1.01%1.02%1.02%1.01%1.03%1.03%1.10%0.96%0.96%1.00%1.03%1.03%1.04%1.02%

Lam Research's average Quarter revenue forecast for Mar 24 based on 6 analysts is $3.72B, with a low forecast of $3.72B, and a high forecast of $3.72B. LRCX's average Quarter revenue forecast represents a -0.97% decrease compared to the company's last Quarter revenue of $3.76B (Dec 23).

Lam Research EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts777788881212121515766136665551112111091010
EBITDA----------------$1.06B$1.02B$947.69M$1.11B$1.77B$1.77B$1.57B$1.28B$1.48B$1.47B$1.44B$1.29B$1.11B$1.05B
Avg Forecast$1.80B$1.77B$1.71B$1.71B$1.71B$1.67B$1.61B$1.55B$1.50B$1.47B$1.42B$1.39B$1.38B$1.30B$1.23B$1.55B$1.19B$1.10B$1.00B$1.41B$1.63B$1.57B$1.34B$1.28B$1.40B$1.38B$1.28B$1.12B$1.06B$988.81M
High Forecast$1.88B$1.85B$1.78B$1.78B$1.78B$1.74B$1.68B$1.62B$1.57B$1.54B$1.49B$1.45B$1.39B$1.30B$1.23B$1.86B$1.21B$1.15B$1.05B$1.70B$1.96B$1.57B$1.34B$1.54B$1.40B$1.38B$1.28B$1.35B$1.06B$988.81M
Low Forecast$1.75B$1.72B$1.66B$1.66B$1.66B$1.62B$1.56B$1.50B$1.46B$1.43B$1.38B$1.36B$1.38B$1.30B$1.23B$1.24B$1.19B$1.07B$975.62M$1.13B$1.30B$1.57B$1.34B$1.03B$1.40B$1.38B$1.28B$897.54M$1.06B$988.81M
Surprise %----------------0.89%0.93%0.94%0.79%1.08%1.13%1.17%0.99%1.06%1.07%1.12%1.15%1.04%1.06%

6 analysts predict LRCX's average Quarter EBITDA for Mar 24 to be $1.55B, with a high of $1.86B and a low of $1.24B. This is 46.98% upper than Lam Research's previous annual EBITDA (Dec 23) of $1.06B.

Lam Research Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts777788881212121515766136665551112111091010
Net Income----------------$954.27M$887.40M$802.54M$814.01M$1.47B$1.43B$1.21B$1.02B$1.19B$1.18B$1.14B$1.07B$869.23M$823.45M
Avg Forecast$16.90B$16.48B$1.59B$1.57B$1.57B$1.52B$1.43B$1.35B$1.29B$1.25B$1.18B$1.14B$1.14B$1.05B$987.90M$1.25B$927.88M$802.09M$660.73M$1.14B$1.31B$1.26B$959.74M$1.04B$1.12B$1.08B$994.80M$930.35M$751.38M$681.17M
High Forecast$17.86B$17.42B$1.69B$1.66B$1.65B$1.60B$1.51B$1.43B$1.36B$1.32B$1.25B$1.21B$1.17B$1.11B$1.04B$1.51B$960.74M$847.46M$698.11M$1.37B$1.57B$1.26B$959.74M$1.24B$1.12B$1.08B$994.80M$1.12B$751.38M$681.17M
Low Forecast$16.27B$15.87B$1.54B$1.52B$1.51B$1.46B$1.38B$1.30B$1.24B$1.20B$1.14B$1.08B$1.11B$1.01B$951.02M$1.00B$910.80M$772.15M$636.07M$912.33M$1.05B$1.26B$959.74M$829.40M$1.12B$1.08B$994.80M$744.28M$751.38M$681.17M
Surprise %----------------1.03%1.11%1.21%0.71%1.12%1.14%1.26%0.99%1.07%1.09%1.15%1.15%1.16%1.21%

Lam Research's average Quarter net income forecast for Mar 24 is $1.25B, with a range of $1.00B to $1.51B. LRCX's average Quarter net income forecast represents a 31.46% increase compared to the company's last Quarter net income of $954.27M (Dec 23).

Lam Research SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts777788881212121515766136665551112111091010
SG&A----------------$228.84M$207.02M$199.83M$193.50M$233.80M$205.62M$210.00M$217.41M$236.13M$222.19M$217.53M$203.70M$218.90M$189.75M
Avg Forecast$315.99M$311.75M$299.87M$299.77M$300.01M$292.79M$282.80M$272.16M$264.31M$259.02M$250.29M$244.58M$243.48M$228.94M$215.68M$266.92M$209.61M$193.12M$176.60M$242.65M$259.14M$277.76M$237.63M$220.59M$249.07M$243.87M$227.38M$176.93M$188.39M$175.37M
High Forecast$329.73M$325.32M$312.91M$312.81M$313.07M$305.53M$295.11M$284.00M$275.81M$270.29M$261.18M$254.21M$244.61M$229.03M$215.68M$320.30M$211.87M$201.52M$184.28M$291.18M$310.96M$277.76M$237.63M$264.71M$249.07M$243.87M$227.38M$212.32M$188.39M$175.37M
Low Forecast$306.91M$302.80M$291.26M$291.16M$291.40M$284.38M$274.68M$264.34M$256.72M$251.58M$243.10M$238.35M$242.91M$228.84M$215.68M$213.53M$209.05M$187.58M$171.53M$194.12M$207.31M$277.76M$237.63M$176.47M$249.07M$243.87M$227.38M$141.55M$188.39M$175.37M
Surprise %----------------1.09%1.07%1.13%0.80%0.90%0.74%0.88%0.99%0.95%0.91%0.96%1.15%1.16%1.08%

Lam Research's average Quarter SG&A projection for Mar 24 is $266.92M, based on 6 Wall Street analysts, with a range of $213.53M to $320.30M. The forecast indicates a 16.64% rise compared to LRCX last annual SG&A of $228.84M (Dec 23).

Lam Research EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts777788881212121515766136665551112111091010
EPS----------------$7.25$6.69$5.99$6.03$10.80$10.42$8.76$7.34$8.50$8.32$8.02$7.51$6.04$5.67
Avg Forecast$12.96$12.64$1.22$1.21$1.20$1.16$1.10$1.04$0.99$0.96$0.90$0.88$0.88$0.81$0.76$0.73$0.71$0.62$0.51$0.65$10.03$0.96$0.73$0.75$0.85$0.82$0.76$0.66$0.57$0.52
High Forecast$13.69$13.35$1.29$1.28$1.27$1.23$1.16$1.09$1.04$1.01$0.96$0.93$0.90$0.85$0.80$0.77$0.74$0.65$0.54$0.69$10.53$0.96$0.73$0.75$0.85$0.82$0.76$0.66$0.57$0.52
Low Forecast$12.48$12.17$1.18$1.16$1.16$1.12$1.06$1.00$0.95$0.92$0.87$0.82$0.85$0.78$0.73$0.70$0.70$0.59$0.49$0.63$9.72$0.96$0.73$0.75$0.85$0.82$0.76$0.66$0.57$0.52
Surprise %----------------10.19%10.88%11.82%9.24%1.08%10.89%11.97%9.76%9.98%10.11%10.57%11.34%10.54%10.91%

According to 6 Wall Street analysts, Lam Research's projected average Quarter EPS for Mar 24 is $0.73, with a low estimate of $0.70 and a high estimate of $0.77. This represents a -89.93% decrease compared to LRCX previous annual EPS of $7.25 (Dec 23).

Lam Research Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ACLSAxcelis$69.87$174.00149.03%Buy
AEHRAehr Test Systems$16.63$25.0050.33%Buy
AMATApplied Materials$162.63$232.6043.02%Buy
ENTGEntegris$99.06$140.2941.62%Buy
KLICKulicke and Soffa Industries$46.66$65.0039.31%Hold
IPGPIPG Photonics$72.72$100.0037.51%Buy
ASMLASML$693.08$943.0036.06%Buy
LRCXLam Research$72.23$96.0032.91%Buy
KLACKLA$630.12$822.5030.53%Buy
TERTeradyne$125.92$145.2915.38%Buy
PLABPhotronics$23.56$25.508.23%Buy

LRCX Forecast FAQ

Is Lam Research a good buy?

Yes, according to 16 Wall Street analysts, Lam Research (LRCX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 62.50% of LRCX's total ratings.

What is LRCX's price target?

Lam Research (LRCX) average price target is $96 with a range of $75 to $115, implying a 32.91% from its last price of $72.23. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Lam Research stock go up soon?

According to Wall Street analysts' prediction for LRCX stock, the company can go up by 32.91% (from the last price of $72.23 to the average price target of $96), up by 59.21% based on the highest stock price target, and up by 3.83% based on the lowest stock price target.

Can Lam Research stock reach $110?

LRCX's highest twelve months analyst stock price target of $115 supports the claim that Lam Research can reach $110 in the near future.

What are Lam Research's analysts' financial forecasts?

Lam Research's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $19.11B (high $19.94B, low $18.56B), average EBITDA is $6.13B (high $6.4B, low $5.96B), average net income is $5.32B (high $5.62B, low $5.12B), average SG&A $1.08B (high $1.13B, low $1.05B), and average EPS is $4.08 (high $4.31, low $3.93). LRCX's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $21.13B (high $22.05B, low $20.53B), average EBITDA is $6.78B (high $7.08B, low $6.59B), average net income is $6.25B (high $6.61B, low $6.02B), average SG&A $1.19B (high $1.24B, low $1.16B), and average EPS is $4.79 (high $5.07, low $4.61).

Did the LRCX's actual financial results beat the analysts' financial forecasts?

Based on Lam Research's last annual report (Jun 2023), the company's revenue was $17.43B, beating the average analysts forecast of $16.97B by 2.71%. Apple's EBITDA was $5.6B, missing the average prediction of $5.61B by -0.19%. The company's net income was $4.51B, beating the average estimation of $4.37B by 3.29%. Apple's SG&A was $832.75M, missing the average forecast of $956.15M by -12.91%. Lastly, the company's EPS was $42.13, beating the average prediction of $12.14 by 246.93%. In terms of the last quarterly report (Dec 2023), Lam Research's revenue was $3.76B, beating the average analysts' forecast of $3.71B by 1.17%. The company's EBITDA was $1.06B, missing the average prediction of $1.19B by -11.32%. Lam Research's net income was $954.27M, beating the average estimation of $927.88M by 2.84%. The company's SG&A was $228.84M, beating the average forecast of $209.61M by 9.18%. Lastly, the company's EPS was $7.25, beating the average prediction of $0.712 by 918.93%