BUZZ-Deutsche Bank lifts Lam Research PT; shares rise
Deutsche Bank has raised its price target for Lam Research (LRCX) from $195 to $260, indicating a potential upside of approximately 17%. Following this announcement, shares of Lam Research rose by 1.1% to $224.87. Deutsche Bank believes the company's prospects are strong, particularly as the semiconductor industry faces an undersupply. They anticipate significant year-over-year growth in wafer fabrication equipment for 2026, with expectations that estimates may be revised upward throughout the year. Currently, 23 out of 32 brokerages recommend a "buy" or higher for LRCX, with a median price target of $200.
