3 hours ago
Showing strong hedge fund and Wall Street support, Lam Research Corporation (NASDAQ:LRCX) ranks among the best AI infrastructure stocks and carries an upside potential of 21.0% (street high). Wafer fab equipment demand is getting a significant rerating from Wall Street, and Lam Research is one of the clearest beneficiaries. Thus, ****** yst sentiment on Lam Research Corporation (NASDAQ:LRCX) remains strong as of June 1, 2026, with a street-high price target of $385 and 29 of 36 ****** ysts maintaining bullish ratings.
For illustration purposes only. Photo from Pixabay/Pexels
The most recent upgrade came on May 27, 2026, when Mizuho raised its price target on Lam Research Corporation (NASDAQ:LRCX) to $380 from $330 and kept an “Outperform” rating.
The firm lifted its wafer fab equipment spending estimate for 2026 to $153 billion from $142 billion, and for 2027 to $190 billion from $163 billion. Mizuho argued that current earnings estimates for Lam Research, Applied Materials, and MKS remain underestimated, with the wafer fab equipment ****** e continuing to benefit from NAND node transitions, TSMC spending, and DRAM and high bandwidth memory pricing strength.
That followed a May 18, 2026, upgrade from Morgan Stanley, which moved Lam Research Corporation (NASDAQ:LRCX) to “Overweight” from “Equal Weight” with a price target of $331, up from $293. The firm said its DRAM wafer fab equipment revisions have narrowed and that it has grown more constructive on NAND revisions from here, citing confidence in Lam’s 2027 share gains.
For illustration purposes only. Photo from Pixabay/Pexels
The most recent upgrade came on May 27, 2026, when Mizuho raised its price target on Lam Research Corporation (NASDAQ:LRCX) to $380 from $330 and kept an “Outperform” rating.
The firm lifted its wafer fab equipment spending estimate for 2026 to $153 billion from $142 billion, and for 2027 to $190 billion from $163 billion. Mizuho argued that current earnings estimates for Lam Research, Applied Materials, and MKS remain underestimated, with the wafer fab equipment ****** e continuing to benefit from NAND node transitions, TSMC spending, and DRAM and high bandwidth memory pricing strength.
That followed a May 18, 2026, upgrade from Morgan Stanley, which moved Lam Research Corporation (NASDAQ:LRCX) to “Overweight” from “Equal Weight” with a price target of $331, up from $293. The firm said its DRAM wafer fab equipment revisions have narrowed and that it has grown more constructive on NAND revisions from here, citing confidence in Lam’s 2027 share gains.
