Lam Research Corporation (LRCX)

Lam Research Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Lam Research stock have an average target of 95.79, with a low estimate of 76 and a high estimate of 120. The average target predicts an increase of 22.32% from the current stock price of 78.31.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$76	$95.79	$95	$120
Change	-2.95%	+22.32%	+21.31%	+53.24%

Analyst Ratings

The average analyst rating for Lam Research stock from 19 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	10	10	10	11	10	9
Buy	4	4	4	4	4	4
Hold	7	7	7	6	6	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	21	21	21	21	20	19

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
C J Muse Cantor Fitzgerald	Cantor Fitzgerald	Hold Reiterates $100	Hold	Reiterates	$100	+27.70%	Oct 24, 2024
Joseph Moore Morgan Stanley	Morgan Stanley	Hold Maintains $77 → $76	Hold	Maintains	$77 → $76	-2.95%	Oct 24, 2024
Brian Chin Stifel	Stifel	Strong Buy Reiterates $105 → $100	Strong Buy	Reiterates	$105 → $100	+27.70%	Oct 24, 2024
Joseph Quatrochi Wells Fargo	Wells Fargo	Hold Maintains $88 → $85	Hold	Maintains	$88 → $85	+8.54%	Oct 24, 2024
Craig Ellis B. Riley Securities	B. Riley Securities	Strong Buy Reiterates $105 → $110	Strong Buy	Reiterates	$105 → $110	+40.47%	Oct 24, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

17.78B

Increased by 19.29%

from 14.91B

Revenue Next Year

21.09B

Increased by 18.59%

from 17.78B

EPS This Year

36.63

Increased by 1,163.20%

from 2.90

EPS Next Year

47.04

Increased by 28.40%

from 36.63

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jun 28, 2020	Jun 27, 2021	Jun 26, 2022	Jun 25, 2023	Jun 30, 2024	Jun 30, 2025	Jun 30, 2026	Jun 30, 2027
Revenue	10.04B	14.63B	17.23B	17.43B	14.91B	17.78B	21.09B	23.01B
Revenue Growth	4.05%	45.61%	17.78%	1.17%	-14.48%	19.29%	18.59%	9.13%
EPS	1.51	2.69	3.28	3.32	2.90	36.63	47.04	52.58
EPS Growth	10.22%	78.15%	21.75%	1.40%	-12.68%	1,163.20%	28.40%	11.79%
Forward PE	-	-	-	-	-	2.14	1.66	1.49
No. Analysts	-	-	-	-	-	32	24	12

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028
High	18.9B	23.7B	26.7B
Avg	17.8B	21.1B	23.0B
Low	16.6B	18.2B	19.2B

Revenue Growth

Revenue Growth	2025	2026	2027	2028
High	26.6%	33.5%	26.4%
Avg	19.3%	18.6%	9.1%
Low	11.6%	2.5%	-9.1%

EPS Forecast

EPS	2025	2026	2027	2028
High	43.87	55.22	60.76
Avg	36.63	47.04	52.58
Low	33.09	38.54	44.53

EPS Growth

EPS Growth	2025	2026	2027	2028
High	1,412.7%	50.7%	29.2%
Avg	1,163.2%	28.4%	11.8%
Low	1,041.2%	5.2%	-5.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.