"The stock rose from $65.14 in April 2025 to a peak near 52-week high of $256.37, then pulled back to $220.65. Year-to-date, shares are up 29.05%, with the past week adding 10.36%."
"The January 28, 2026 earnings report showed revenue of $5.344 billion, a 22.14% year-over-year gain, with non-GAAP diluted EPS of $1.27, beating the $1.17 consensus estimate by 8.7%."
"The bull case rests on AI infrastructure spending driving multi-year demand for Lam's deposition and etch equipment. CEO Tim Archer stated, 'With AI accelerating, we are ramping execution velocity across the company to support our customers' growth.'"
Lam Research trades at $220.65, 14% below its 52-week high. The stock has risen 276.15% from $58.66. A price target of $253.16 implies a 14.73% upside. Year-to-date, shares are up 29.05%. The January earnings report showed revenue of $5.344 billion, a 22.14% year-over-year gain. The price target is based on a blend of P/E ratios and analyst consensus. The bull case is driven by AI infrastructure spending, with a consensus target of $274.90 supported by strong demand and buy ratings.
Read at 24/7 Wall St.
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