Lam Research Stock Forecast

Stock Price Forecast

The 21 analysts with 12-month price forecasts for Lam Research stock have an average target of 968.19, with a low estimate of 650 and a high estimate of 1,325. The average target predicts an increase of 5.57% from the current stock price of 917.11.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$650	$968.19	$960	$1,325
Change	-29.13%	+5.57%	+4.68%	+44.48%

Analyst Ratings

The average analyst rating for Lam Research stock from 21 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	8	8	9	10	10	10
Buy	3	3	4	4	4	4
Hold	8	8	8	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	19	19	21	21	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
C J Muse Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $1,100 → $1,200	Hold	Maintains	$1,100 → $1,200	+30.85%	Jul 16, 2024
Craig Ellis B. Riley Securities	B. Riley Securities	Strong Buy Maintains $1,130 → $1,325	Strong Buy	Maintains	$1,130 → $1,325	+44.48%	Jun 20, 2024
Joseph Quatrochi Wells Fargo	Wells Fargo	Hold Maintains $980 → $1,100	Hold	Maintains	$980 → $1,100	+19.94%	Jun 17, 2024
Srini Pajjuri Raymond James	Raymond James	Buy Maintains $950 → $1,060	Buy	Maintains	$950 → $1,060	+15.58%	Jun 7, 2024
Blayne Curtis Barclays	Barclays	Hold Maintains $865 → $900	Hold	Maintains	$865 → $900	-1.87%	Jun 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

15.16B

from 17.43B

-13.00%

from 17.43B

Revenue Next Year

17.87B

from 15.16B

17.83%

from 15.16B

EPS This Year

30.29

from 33.21

-8.79%

from 33.21

EPS Next Year

36.67

from 30.29

21.04%

from 30.29

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	9.65B	10.04B	14.63B	17.23B	17.43B	15.16B	17.87B	20.92B	22.51B	23.38B
Revenue Growth	-12.85%	4.05%	45.61%	17.78%	1.17%	-13.00%	17.83%	17.10%	7.58%	3.85%
EPS	13.70	15.10	26.90	32.75	33.21	30.29	36.67	46.42	52.45	56.71
EPS Growth	4.02%	10.22%	78.15%	21.75%	1.40%	-8.79%	21.04%	26.60%	12.99%	8.13%
Forward PE	-	-	-	-	-	30.28	25.01	19.76	17.49	16.17
No. Analysts	-	-	-	-	-	32	31	20	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	15.7B	19.7B	24.1B	23.2B	24.1B
Avg	15.2B	17.9B	20.9B	22.5B	23.4B
Low	14.5B	16.3B	18.0B	21.6B	22.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-9.7%	29.7%	34.9%	10.7%	6.9%
Avg	-13.0%	17.8%	17.1%	7.6%	3.9%
Low	-16.6%	7.8%	0.9%	3.4%	-0.2%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	31.51	40.90	54.04	53.99	58.38
Avg	30.29	36.67	46.42	52.45	56.71
Low	27.85	31.92	37.85	50.39	54.49

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-5.1%	35.0%	47.4%	16.3%	11.3%
Avg	-8.8%	21.0%	26.6%	13.0%	8.1%
Low	-16.1%	5.4%	3.2%	8.6%	3.9%

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.