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.