Lam Research Shares Hit Record $300 as AI-Fueled Outlook Draws Higher Targets

Overview

• Lam Research stock set a new intraday high of $300.06 after climbing about 250% over the past year and 73% this year.
• Analyst support strengthened as B. Riley lifted its price target to $375 with a Buy rating and firms like TD Cowen, Stifel, Citigroup, Bernstein, and Seaport issued or raised Buy targets.
• Recent results beat forecasts with revenue of $5.84 billion and EPS of $1.47, and the company guided the next quarter to about $6.6 billion in revenue and roughly $1.65 in EPS.
• Management projected about $140 billion of 2026 spending on chipmaking tools, flagged faster NAND memory conversions worth roughly $40 billion by 2027, and forecast more than 50% growth in advanced packaging revenue in 2026.
• Analysts say AI demand in memory and packaging favors Lam’s etch and deposition tools and large service base, though they note risks from a rich valuation and U.S. limits on some tool shipments to China.