Analysts Forecast More Gains for Lam Research After 300% Rally
LRCX•Lam Research shares have soared nearly 300% over the past 12 months, including a 70% gain year-to-date and a 30% rise in the last month on surging AI chip fabrication demand. Analysts maintain buy ratings and project double-digit revenue growth through 2026 as capacity adds accelerate.
1. Surge in Share Price Performance
Lam Research shares have jumped roughly 300% over the past 12 months, including a 70% rise year-to-date and a 30% increase in the past month, reflecting robust demand for deposition and etch tools.
2. Bullish Analyst Projections
Major brokerages have maintained buy ratings and raised price targets, forecasting double-digit revenue growth through 2026 driven by continued capital expenditure in semiconductor manufacturing.
3. AI-Driven Market Tailwinds
Investments in AI chip fabrication are driving capacity expansions worldwide, while Elon Musk’s proposed $120 billion ‘Terafab’ complex could further boost orders for Lam Research’s advanced etch and deposition systems.
