Mizuho Raises its Price Target on Lam Research (LRCX)

Mizuho Raises its Price Target on Lam Research (LRCX) Jeff Lewis Thu, June 4, 2026 at 6:49 PM GMT+2 2 min read LRCX AMAT MKSI TSM 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 potential of LRCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the   best short-term AI stock .

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