UBS analyst Timothy Arcuri maintained a Buy rating on Lam Research today and set a price target of $165.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Timothy Arcuri has given his Buy rating due to a combination of factors that suggest a positive outlook for Lam Research. The company has shown stronger-than-expected guidance, particularly with a constructive view on 2026 earnings, which are expected to be conservative based on management’s typical guidance style. Despite concerns about the stock’s current valuation, Arcuri believes that continued gains in wafer fabrication equipment (WFE) market share will drive the stock higher.
Key factors contributing to this positive outlook include strong NAND demand driven by eSSD, share gains in DRAM with the new conductor etch tool, and increased business from TSMC as they adopt new technologies. These elements are expected to enhance Lam Research’s WFE market share significantly. Additionally, the company has reported strong revenue and margin performance, with guidance for future quarters exceeding previous expectations, further supporting the Buy rating.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $169.00 price target.