Lam Research Corporation (NASDAQ:LRCX) has gained more than 86% over the past 6 months and around 17% since the release of its fiscal Q3 2026 earnings.
The Street expects the company to grow its EPS by more than 32% over the next 5 years
Lam Research Corporation (NASDAQ:LRCX) also ranks among our Top 10 Unstoppable Growth Stocks to Invest In. Wall Street has been bullish on the stock. Recently, on June 4, Evercore ISI raised the price target from $275 to $300 and maintained a Buy rating on the shares.
Earlier, on May 27, Mizuho had reiterated a Buy rating on the shares and raised the price target from $330 to $380. Mizuho noted upgrading its wafer fab equipment estimates significantly. The firm now expects fab equipment spending of $153 billion in 2026 and $190 billion in 2027, up from prior estimates of $142 billion and $163 billion, respectively.