Oppenheimer analyst Edward Yang raised the firm’s price target on Lam Research (LRCX) to $200 from $120 and keeps an Outperform rating on the shares. The firm says Lam remains the king of 3D stacking and memory, critical for AI-scaling. This point was punctuated by its September quarter demonstrating again record profitability and a clean beat across all major metrics, Oppenheimer adds. 2Q26 guidance was strong, with top- and bottom-line forecasts 8%/12% above consensus, the fourth straight quarter that targets surprised by double-digits.
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