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Lam Research (LRCX) Stock Forecast & Price Target

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$958.13
-7.64 (-0.79%)
(As of 05/23/2024 ET)
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Lam Research - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 20 Analyst Ratings

Consensus Price Target

$957.95
-0.02% Downside
High Forecast$1,200.00
Average Forecast$957.95
Low Forecast$550.00
TypeCurrent Forecast
5/24/23 to 5/23/24		1 Month Ago
4/24/23 to 4/23/24		3 Months Ago
2/23/23 to 2/23/24		1 Year Ago
5/24/22 to 5/24/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
14 Buy rating(s)
13 Buy rating(s)
15 Buy rating(s)
13 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
8 Hold rating(s)
7 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$957.95$931.85$793.27$508.10
Forecasted Upside-0.02% Downside9.71% Upside8.06% Upside10.85% Upside

LRCX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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LRCX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Lam Research Stock vs. The Competition

TypeLam ResearchComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.70
2.59
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside-2.00% Downside187.25% Upside9.52% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

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DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/13/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy ➝ Buy$980.00 ➝ $1,100.00+20.16%
4/25/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$975.00 ➝ $1,025.00+13.70%
4/25/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight ➝ Equal Weight$825.00 ➝ $865.00-4.97%
4/25/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$900.00 ➝ $950.00+5.04%
4/25/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$1,130.00 ➝ $1,150.00+28.50%
4/25/2024Cantor Fitzgerald
Subscribe to MarketBeat All Access for the recommendation accuracy rating		C. Muse
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingNeutral ➝ Neutral$1,100.00+22.13%
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4/25/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$935.00 ➝ $960.00+8.49%
4/25/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$880.00 ➝ $850.00-3.94%
4/25/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$1,030.00+16.40%
4/25/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$975.00 ➝ $1,000.00+13.01%
4/19/2024B. Riley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		C. Ellis
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeNeutral ➝ Buy$870.00 ➝ $1,100.00+23.75%
4/16/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$950.00 ➝ $1,050.00+10.97%
4/16/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform$1,200.00+26.83%
4/11/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageHold$1,000.00+3.57%
4/2/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight ➝ Equal Weight$930.00 ➝ $980.00+1.62%
1/25/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$700.00 ➝ $912.00+4.59%
1/25/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$850.00 ➝ $950.00+12.01%
12/8/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOverweight ➝ Equal Weight$720.00+1.69%
11/22/2023Redburn Atlantic
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$800.00+13.09%
9/14/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform$825.00+25.68%
7/27/2023Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$500.00 ➝ $550.00-14.38%
4/20/2023Berenberg Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$530.00 ➝ $555.00+6.92%
3/1/2023KGI Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Outperform
1/3/2023DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		H. Chung
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingNeutral
10/20/2022Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$430.00+20.83%
10/20/2022Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy$460.00 ➝ $405.00+11.01%
10/20/2022Summit Insights
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy
5/26/2022Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral$596.00 ➝ $567.00+16.29%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:26 PM ET.

LRCX Frequently Asked Questions

What is Lam Research's stock forecast and purchase recommendation?

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Lam Research is $957.95, with a high forecast of $1,200.00 and a low forecast of $550.00. The consensus rating for Lam Research stock is Moderate Buy based on the current 6 hold ratings and 14 buy ratings for LRCX. Learn more on LRCX's analyst rating history.

Do Wall Street analysts like Lam Research more than its competitors?

Analysts like Lam Research more than other "computer and technology" companies. The consensus rating score for Lam Research is 2.70 while the average consensus rating score for "computer and technology" companies is 2.59. Learn more on how LRCX compares to other companies.

Is Lam Research being upgraded by Wall Street analysts?

Over the previous 90 days, Lam Research's stock had 1 upgrade by analysts.

Does Lam Research's stock price have much upside?

According to analysts, Lam Research's stock has a predicted upside of 10.38% based on their 12-month stock forecasts.

What analysts cover Lam Research?

Lam Research has been rated by research analysts at B. Riley, Barclays, Cantor Fitzgerald, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Needham & Company LLC, Stifel Nicolaus, Susquehanna, TD Cowen, UBS Group, and Wells Fargo & Company in the past 90 days.


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This page (NASDAQ:LRCX) was last updated on 5/23/2024 by MarketBeat.com Staff

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