Lam Research (LRCX) Receives a Price Target Boost at Barclays. Here is Why

With a net profit margin of 30.94%, Lam Research Corporation (NASDAQ:LRCX) is included among the 12 Most Profitable American Stocks to Buy in 2026.

Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe.

On June 11, Barclays analyst Tom O’Malley lifted the firm’s price target on Lam Research Corporation (NASDAQ:LRCX) from $275 to $335, while keeping an ‘Overweight’ rating on the shares.

The target revision comes after the analyst firm boosted its estimates for the wafer fabrication equipment sector, citing a capex cycle that is significantly stronger across the board. According to Barclays, industry sales are expected to cross the $200 billion mark in 2027, although investor focus has already shifted towards growth expectations for 2028. As a result, the firm upped its price recommendations across the wafer fab equipment sector.

Lam Research raised its 2026 wafer fabrication equipment (WFE) outlook to $140 billion, with bias to the upside. This is up from the company’s prior forecast of $135 billion. The revised estimate was driven by improvements in all end markets over its most recent quarter.

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