Mizuho Raises its Price Target on Lam Research Corporation (LRCX)

Lam Research Corporation (NASDAQ:LRCX) is among the Ray Dalio Stock Portfolio.

On July 9, Mizuho raised its price target on Lam Research Corporation (NASDAQ:LRCX) to $400 from $380. The firm maintained an Outperform rating on the stock. In an investor note, the analyst said AI demand helps durable wafer fab equipment spending through 2027-2029.

The firm said AI is driving leading-edge foundry, logic, and DRAM demand. NAND sees upgrade tailwinds and sees that it is raising price targets in the space. Mizuho said AI demand supports “durable ramps” for leading-edge logic and memory.

Separately, on June 30, Susquehanna analyst Mehdi Hosseini raised his price target on Lam Research Corporation (NASDAQ:LRCX) to $475 from $385. The analyst reiterated a Positive rating after channel checks suggested an upward revision to SCE backlog, now extending beyond one year. The firm said wafer fab equipment spending could reach $300 billion, raising its 2026 and 2027 estimates. It is introducing 2028 projections based on $250 billion in WFE. Susquehanna said its higher estimates show stronger backlog trends identified through its channel checks.

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

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