Mizuho Raises its Price Target on Lam Research (LRCX)

Lam Research Corporation (NASDAQ:LRCX) is one of the 15 Most Promising Stocks to Buy Right Now.

On May 27, 2026, Mizuho raised the firm’s price target on Lam Research Corporation (NASDAQ:LRCX) to $380 from $330 and maintained an Outperform rating on the shares. Mizuho raised its wafer fab equipment spending estimate for 2026 to $153B from $142B and for 2027 to $190B from $163B. The firm said current earnings estimates for Lam Research, Applied Materials, and MKS are underestimated, citing NAND node transitions, TSMC spending, and strength in DRAM and high bandwidth memory pricing.

On May 18, 2026, Morgan Stanley upgraded Lam Research Corporation (NASDAQ:LRCX) to Overweight from Equal Weight with a price target of $331, up from $293. Morgan Stanley said DRAM wafer fab equipment revisions have narrowed and that it is now more positive on NAND wafer fab equipment revisions. The firm cited confidence in Lam’s 2027 share gains for the upgrade and paired the move with a downgrade of Applied Materials (AMAT).

Earlier in May, B. Riley raised the firm’s price target on Lam Research Corporation (NASDAQ:LRCX) to $385 from $350 and maintained a Buy rating on the shares. B. Riley said AI investment is accelerating faster than expected, with demand from hyperscalers and neo-cloud providers driving higher 2026-2028 capital expenditure estimates. The firm also cited tightening supply-demand fundamentals, strong semiconductor EPS revisions, and elevated sector valuations.

Mizuho Raises its Price Target on Lam Research (LRCX)

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

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 the cheapest AI stock.

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