Lam Research Corporation (NASDAQ:LRCX) is one of the 11 Best Large-Cap Tech Stocks to Invest In.
On March 10, TheFly reported that Thomas O’Malley at Barclays raised the price target on Lam Research Corporation from $250 to $255, while maintaining its Equal Weight rating.
Barclays lifted the price target on LRCX after its analysts increased estimates for the wafer fab equipment companies. O’Malley believes that the robust investment environment in the sector will be a major catalyst for LRCX.
In other news, Argus Research also increased its price target on LRCX from $175 to $280 on February 3, while maintaining its Buy rating. The firm updated the rating after strong Q2 FY2026 results. Lam Research posted adjusted earnings per share of $1.27, surpassing estimates by $0.10. Revenue of $5.34 billion was ahead of consensus estimates by $105.35 million.
The firm noted that Lam Research is well-positioned to benefit from long-term technology trends fueling the semiconductor demand. These trends include gen AI, cloud data centers, IoTs, EVs, robotics, and AI-enabled edge devices.
Lam Research Corporation focuses on the design and development of semiconductor processing equipment used to fabricate integrated circuits (ICs) worldwide.
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