Lam Research (NASDAQ:LRCX) Given New $245.00 Price Target at Bank of America

Market Beat
2026.01.13 13:07
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Bank of America has raised its price target for Lam Research (NASDAQ:LRCX) from $195.00 to $245.00, maintaining a "buy" rating. This suggests an 11.16% potential upside from the current price. Other analysts have also increased their targets, with an average price target of $172.87. Lam Research reported a quarterly EPS of $1.26, exceeding estimates, and a revenue of $5.32 billion, up 27.7% year-over-year. Insider trading activity includes significant sales by CFO Douglas R. Bettinger and Director Bethany Mayer.