Mizuho Lifts Lam Research Corporation (LRCX)’s Price Target To $130, Maintains Outperform Rating

Lam Research Corporation (NASDAQ:LRCX) is among the 15 Stocks ChatGPT Predicts Could Make You Wealthy in 5 Years. On September 12, Mizuho lifted the stock’s price target to $130 from $120, while maintaining an Outperform rating for its shares.

Mizuho Lifts Lam Research Corporation (LRCX)'s Price Target To $130, Maintains Outperform Rating

Analysts led by Vijay Rakesh noted that the largest share shifts amid increasing competition are taking place in Sputtering/PCVD, where the company is less exposed in terms of revenue share, compared to other players like Applied Materials (AMAT). Given its product mix, LRCX is better positioned to face the disruptions from China, the analysts told investors.

Moreover, the Mizuho analyst also highlighted that Lam Research Corporation (NASDAQ:LRCX) was growing its share in equipping vital steps of the chip manufacturing processes.

The adjustment reflects an 11% upside potential from Lam Research Corporation (NASDAQ:LRCX)’s closing share price of $116.96 on Friday, September 12.

The firm provides water fabrication equipment and services to the global semiconductor industry. 2025 has been an impressive year for the company, with its share price surging 65% YTD.

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: 11 Best Performing Defense Stocks to Buy Now and 13 Best S&P 500 Stocks to Buy According to Wall Street Analysts

Disclosure: None.