Lam Research Corporation (NASDAQ:LRCX) is one of the 10 AI Stocks with Potential to Rise 1000 Percent.
On April 23, 2026, Oppenheimer analyst Edward Yang raised his price target on Lam Research Corporation (NASDAQ:LRCX) to $330 from $265 while maintaining an Outperform rating. The firm said the company’s March quarter results exceeded already elevated expectations, supported by strength in its Customer Support Business Group and demand from China. It also pointed to a strong June quarter outlook, suggesting momentum is continuing despite ongoing cleanroom capacity constraints.
B.Riley also raised its price target on Lam Research Corporation (NASDAQ:LRCX) to $350 from $330 and kept a Buy rating. The firm said it is becoming “incrementally more positive” following the earnings beat, citing solid execution across revenue, margins, and spending, with broad-based strength across end markets supporting sales.
Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.
Susquehanna raised its price target to $385 from $350 while maintaining a Positive rating, noting that the March quarter results were driven by strong performance across foundry, HBM-related DRAM, NAND, advanced packaging, and services. The firm highlighted revenue of $5.84 billion, in line with expectations, and EPS of $1.47, which came in above consensus.
On April 22, 2026, Lam Research reported Q1 adjusted EPS of $1.47, beating consensus estimates of $1.36, while revenue of $5.84 billion also topped expectations of $5.76 billion. CEO Tim Archer said the company delivered record revenue and earnings in the quarter, with AI-driven demand continuing to reshape the semiconductor landscape. He added that Lam’s execution and ongoing investments are helping customers advance their AI roadmaps while supporting the company’s outperformance.
Lam Research Corporation (NASDAQ:LRCX) develops and supplies semiconductor manufacturing equipment used in the production of integrated circuits worldwide.
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 Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.
