Lam Research rises on upbeat Q1 revenue forecast
LRCX•Shares rise after strong Q1 revenue outlook
** Shares of chip-equipment maker Lam Research LRCX.O rise 6.32% to $268.3 in premarket trading
** Co forecast Q1 revenue above Wall Street estimates as a boom in AI-related spending drove demand for its chipmaking equipment
** Co expects Q1 rev of $8.10 bln, plus or minus $400 mln, well above analysts' avg estimate of $7.09 bln, per LSEG data
** Analysts at Morningstar say AI infrastructure investment and chip capacity expansion will fuel growth through 2028, with Lam well positioned to gain share amid strong demand
** For Q4, co posted revenue of $6.72 billion, beating estimate of $6.67 billion
** Following the results, at least five brokerages raised price targets on the stock, according to data compiled by LSEG
** Thirty five analysts rate the stock "buy" on average; median PT is $380 - data compiled by LSEG
** As of last day's close, stock up 47.4% YTD
