
Lam Research (LRCX) Stock Forecast & Price Target
Lam Research (LRCX) Analyst Ratings
Bulls say
Lam Research is poised for robust revenue growth, with expectations for Gate-All-Around (GAA) and Advanced Packaging revenues to collectively exceed $3 billion by CY25, highlighting significant expansion opportunities within its product offerings. The company's Continuous Semiconductor Business Growth (CSBG) has exhibited a remarkable 180% increase since CY13, with an anticipated 50% growth by CY28, reflecting a solid compound annual growth rate of approximately 10% from 2024 to 2028. Furthermore, Lam's market share in wafer fabrication equipment is expected to rise from 9.6% in 2024 to around 12.5% by 2028, reinforcing its position as a key player in the industry and contributing positively to margin improvements through enhanced manufacturing efficiencies.
Bears say
The financial outlook for Lam Research appears negative due to a forecasted decline in revenue, with expectations that it could fall to approximately $15 billion by CY28, compounded by risks associated with customer CXMT potentially being added to the entity list. In CY24, Lam's revenue of $16.2 billion was slightly below the low end of its target model, driven by significantly reduced NAND spending of only $7 billion, and ultimately leading to an EPS of $3.36 that also fell short of the model’s expectations. Furthermore, although Lam's share count is lower than anticipated, which reflects strong free cash flow margins, the overall challenges in achieving revenue and margin targets overshadow the potential benefits of their Digital Transformation initiative.
This aggregate rating is based on analysts' research of Lam Research and is not a guaranteed prediction by Public.com or investment advice.
Lam Research (LRCX) Analyst Forecast & Price Prediction
Start investing in Lam Research (LRCX)
Order type
Buy in
Order amount
Est. shares
0 shares