Susquehanna lifts Lam Research price target amid extended semiconductor equipment demand and robust order visibility.
Susquehanna raised its price target for Lam Research (LRCX) to $475 from $385, maintaining a Positive rating on June 30. The firm cited an extended backlog for semiconductor manufacturing equipment, surpassing the one-year mark.
LRCX shares have surged 233% over the past year and 79% year-to-date, reflecting strong sector momentum. The company remains a key supplier in semiconductor equipment, competing with peers like Applied Materials and KLA.
Lam Research shares rose 2.7% on Wednesday, with market commentary highlighting its role in data center infrastructure beyond Nvidia. The stock was recently discussed in Vltava Fund’s Q2 2026 investor letter as part of a portfolio adjustment.