Argus Raised the Firm’s PT on Lam Research Corporation (LRCX), Kept a Buy Rating

Lam Research Corporation (NASDAQ:LRCX) is one of the Best Performing Quantum Computing Stocks So Far in 2025On July 31, Argus raised the firm’s price target on Lam Research Corporation (NASDAQ:LRCX) from $105 to $120, while keeping a Buy rating on the stock.

The improved bullish sentiment follows the company’s Q4 2025 report, where the company exceeded expectations. Lam Research Corporation (NASDAQ:LRCX) posted a revenue of $5.17 billion, up 33.58% year-over-year and ahead of consensus by $167.07 million. The EPS of $1.33 also beat expectations by $0.12.

Argus Raised the Firm’s PT on Lam Research Corporation (LRCX), Kept a Buy Rating

A technician operating an automated semiconductor processing machine with laser accuracy.

The firm noted that this marks a solid growth quarter after a down fiscal year 2024. The firm also highlighted that the tariffs remain an uncertain factor; however, the sector still remains exempt from tariffs.

Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, and services equipment used to produce semiconductor wafers, which are essential components of integrated circuits.

While we acknowledge the potential of LRCX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LRCX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.