TD Cowen Raises PT on Lam Research (LRCX), Keeps a Buy

TD Cowen Raises PT on Lam Research (LRCX), Keeps a Buy Talha Qureshi Wed, July 15, 2026 at 4:58 PM GMT+2 1 min read LRCX Lam Research Corporation (NASDAQ: LRCX ) has gained more than 9. 7% over the past month. The growth has been driven by several analyst upgrades and overall sectoral recovery.

Analysts are projecting continued growth. Lam Research Corporation (NASDAQ:LRCX) ranks as one of the Best Stocks to Buy Now for High Returns . ​Recently, on July 9, TD Cowen analyst Krish Sankar raised the firm's price target on the stock from $340 to $400 and maintained a Buy rating on the shares.

The firm noted updating its model for the company ahead of the earnings season. ​On the same day, Mizuho also raised the price target on LRCX from $380 to $400 and maintained an Outperform rating on the shares. Mizuho noted that they expect the wafer fab equipment to rise from 2027-29, driven by durable AI-driven demand.

Moreover, the firm also expects ramp-ups across leading-edge logic and memory chips to continue over the said period. ​Mizuho noted it is raising price targets across the semiconductor equipment space more broadly, as AI continues to drive demand for leading-edge foundry and logic capacity as well as DRAM. Lam Research Corporation (NASDAQ:LRCX) supplies semiconductor manufacturing equipment and services globally.

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