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Is Lam Research (LRCX) One Of The best memory stocks To Buy According To Analysts?

Lam Research Corporation (NASDAQ:LRCX) secures a spot on our list of the best memory stocks to buy according to analysts.

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As of April 20, 2026, sentiment on Lam Research Corporation (NASDAQ:LRCX) remains firmly bullish, with 72% of covering analysts maintaining “Buy” ratings. The Street-high price target of $360 implies about 36.2% upside from the current share price of $264.2.

Morgan Stanley raised its price target on Lam Research Corporation (NASDAQ:LRCX) to $260 from $254 on April 9, 2026, keeping an “Equal Weight” rating. The firm sees Lam putting up another solid quarter on the back of unusually strong DRAM demand. Morgan Stanley expects a June-quarter beat, though a narrower one than the 9% average by which Lam has surpassed Street estimates over the past five quarters. The bank said Lam should continue firing on all cylinders, with unprecedented DRAM pull-forwards and strong supply chain execution keeping things moving.

Lam Research Corporation (NASDAQ:LRCX) is also pushing on the technology side with a longer-term play.

On March 10, 2026, IBM and Lam Research Corporation (NASDAQ:LRCX) announced a five-year collaboration targeting new materials, fabrication processes, and High-NA EUV lithography for sub-1nm logic scaling. The two companies have worked together for over a decade, with that prior work feeding into advances across 7nm, nanosheet, and EUV technologies, including IBM’s 2nm chip unveiled in 2021.

The new program targets advanced etch and deposition, novel materials, next-generation interconnects, and device patterning, with the aim of validating full process flows for nanosheet and nanostack devices. Lam Research Corporation (NASDAQ:LRCX)’s contribution includes technologies such as Aether dry resist, Kiyo and Akara etch platforms, and Striker and ALTUS Halo deposition systems.

Lam Research Corporation (NASDAQ:LRCX) is a manufacturer and global supplier of semiconductor processing equipment used in the fabrication of integrated circuits. The company specializes in thin-film deposition, wafer cleaning, plasma etching, and photoresist stripping. Its semiconductor equipment is also essential for manufacturing complex 3D-stacked HBM and NAND memory.

While we acknowledge the risk and potential of LRCX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LRCX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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