Lam Research Shares Jump 5% as Goldman Sachs Lifts Target to $380
LRCX•Goldman Sachs raised its price target on Lam Research to $380, fueling a 5% pre-market gain in semiconductor stocks. LRCX hit a record high of $438.50 on June 30 and is up 105% year-to-date while holding above the $350 support level.
1. Goldman Sachs Price Target Increase
Goldman Sachs raised its price target on Lam Research Corp to $380, reflecting bullish expectations for semiconductor capital spending.
2. Pre-Market Rally and Stock Performance
Shares of LRCX surged 5% in pre-market trading following the price-target revision, contributing to a broader semiconductor rally that lifted sector ETFs.
3. Record High and Year-to-Date Gains
Lam Research reached an all-time high of $438.50 on June 30 and has delivered a 105% gain year-to-date, underscoring strong demand for chipmaking equipment.
4. Technical Support and Volatility Profile
The stock maintained critical support at $350 during its recent pullback and carries a Schaeffer’s Volatility Scorecard reading of 76, highlighting elevated realized volatility versus options pricing.
