
Lam Research (LRCX) Stock Forecast & Price Target
Lam Research (LRCX) Analyst Ratings
Bulls say
Lam Research displays a robust growth trajectory, with expectations for its Service segment to expand 1.5 times from CY24 levels, reflecting strong demand in a projected $1 trillion semiconductor industry by CY28. The company anticipates continued market share expansion through advanced technology such as CFET (sub 1nm), which can enhance customer utilization and yield, underscoring its competitive edge. Furthermore, Lam's established relationships with leading chipmakers, including TSMC, Samsung, Intel, and Micron, position it favorably to capitalize on ongoing developments in the semiconductor market.
Bears say
Lam Research has signaled a cautious outlook for the upcoming December quarter due to anticipated tariff-related challenges and a deteriorating product mix, particularly a decline in domestic China sales, which may negatively impact gross margins. Despite achieving record operating margins in June, the company is facing a digital transformation headwind that is expected to influence profitability until at least 2028. The reliance on memory chipmakers for DRAM and NAND chips further exposes Lam to market volatility, which could dampen its financial performance in the near term.
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
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