Deutsche Bank lifts Lam Research PT; shares rise

Lam Research

21/01/2026 17:49

** Shares of semiconductor equipment maker Lam Research LRCX.O up 1.1% at $224.87

** Deutsche Bank raises PT to $260 from $195, a ~17% upside to stock's last close

** "We believe the company-specific setup for LRCX remains compelling and in the early innings, especially as the semiconductor industry shifts to a period of undersupply" - Deutsche Bank

** Expects LRCX to guide to strong 2026 wafer fabrication equipment (WFE) yoy growth, potentially in the low-to-mid-teens range; adds that the number could be revised up throughout the year

** Forecasts that LRCX will be solidly above Street in the near-term

** 23 of 32 brokerages recommend "buy" or higher, 9 "hold"; median PT is $200 - data compiled by LSEG

** LRCX more than doubled in 2025

(Reporting by Arnav Mishra in Bengaluru)

((Arnav.Mishra@thomsonreuters.com;))