Lam Research price target raised to $1,025 from $975 at Citi

Citi raised the firm’s price target on Lam Research to $1,025 from $975 and keeps a Buy rating on the shares. The firm keeps Lam as its top semiconductor equipment pick following the “beat and raise” results. The analyst views the NAND wafer fab equipment recovery in second half of 2025 driven by high density artificial intelligence storage solid state drives as the next catalyst for the stock. Citi sees further upside to Street estimates and recommends buying the post-earnings pullback in the shares.