Cantor Fitzgerald Raised The PT on Lam Research (LRCX), Maintains a Buy Rating

Lam Research Corporation (NASDAQ:LRCX) is one of the 11 Unstoppable Tech Stocks to Invest inOn June 24, Cantor Fitzgerald raised the firm’s price target on Lam Research Corporation (NASDAQ:LRCX) from $90 to $115, while keeping an Overweight rating on the stock. The increased price target is based on the firm’s research which suggests a modestly improved wafer fab equipment market in 2025.

The firm noted that Cantor Fitzgerald’s industry checks suggest a modest improvement in the WFE sector for calendar year 2025, primarily driven by demand from domestic China. This suggests that 2026 will be another year of growth for the sector, thereby presenting growth opportunities for Lam Research Corporation (NASDAQ:LRCX) as well. Cantor Fitzgerald believes the sector is largely immune to tariff-related issues and expects the consensus estimates for the semiconductor equipment group to move significantly higher.

Cantor Fitzgerald Raised The PT on Lam Research (LRCX), Maintains a Buy Rating

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

In Q3 2024, the company posted revenue of $4.72 billion, reflecting a 24.43% year-over-year increase. The revenue topped estimates by $79.9 million with EPS of $1.40 exceeding expectations by $0.04. China remained a major contributor to Lam Research Corporation (NASDAQ:LRCX)’s revenue, with China’s revenue forming 31% of its total revenue.

Lam Research Corporation (NASDAQ:LRCX) is a leading global supplier of wafer fabrication equipment and services used in the semiconductor industry to manufacture integrated circuits.

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