Lam Research Corporation (NASDAQ:LRCX) has gained more than 9.7% over the past month.
The growth has been driven by several analyst upgrades and overall sectoral recovery
Analysts are projecting continued growth. Lam Research Corporation (NASDAQ:LRCX) ranks as one of the Best Stocks to Buy Now for High Returns. Recently, on July 9, TD Cowen analyst Krish Sankar raised the firm’s price target on the stock from $340 to $400 and maintained a Buy rating on the shares.
The firm noted updating its model for the company ahead of the earnings season. On the same day, Mizuho also raised the price target on LRCX from $380 to $400 and maintained an Outperform rating on the shares. Mizuho noted that they expect the wafer fab equipment to rise from 2027-29, driven by durable AI-driven demand.