Lam Research Stock Forecast

Stock Price Forecast

The 20 analysts with 12-month price forecasts for Lam Research stock have an average target of 888.1, with a low estimate of 600 and a high estimate of 1,200. The average target predicts an increase of 0.36% from the current stock price of 884.89.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$600	$888.1	$912	$1,200
Change	-32.19%	+0.36%	+3.06%	+35.61%

Analyst Ratings

The average analyst rating for Lam Research stock from 20 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	8	8	8	8	8	8
Buy	3	2	3	3	3	4
Hold	5	6	8	8	8	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	16	16	19	19	19	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Charles Shi Needham	Needham	Strong Buy Maintains $900 → $1,030	Strong Buy	Maintains	$900 → $1,030	+16.40%	Apr 18, 2024
Brian Chin Stifel	Stifel	Strong Buy Maintains $950 → $1,050	Strong Buy	Maintains	$950 → $1,050	+18.66%	Apr 16, 2024
Mark Lipacis Evercore ISI Group	Evercore ISI Group	Buy Initiates $1,200	Buy	Initiates	$1,200	+35.61%	Apr 16, 2024
C J Muse Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $900 → $1,100	Hold	Maintains	$900 → $1,100	+24.31%	Apr 8, 2024
Joseph Quatrochi Wells Fargo	Wells Fargo	Hold Maintains $930 → $980	Hold	Maintains	$930 → $980	+10.75%	Apr 2, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

15.06B

from 17.43B

-13.60%

from 17.43B

Revenue Next Year

17.74B

from 15.06B

17.82%

from 15.06B

EPS This Year

29.63

from 33.21

-10.77%

from 33.21

EPS Next Year

36.56

from 29.63

23.36%

from 29.63

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	9.65B	10.04B	14.63B	17.23B	17.43B	15.06B	17.74B	20.71B	22.27B	23.09B
Revenue Growth	-12.85%	4.05%	45.61%	17.78%	1.17%	-13.60%	17.82%	16.71%	7.55%	3.66%
EPS	13.70	15.10	26.90	32.75	33.21	29.63	36.56	45.43	51.86	55.88
EPS Growth	4.02%	10.22%	78.15%	21.75%	1.40%	-10.77%	23.36%	24.28%	14.14%	7.75%
No. Analysts	-	-	-	-	-	31	30	19	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	16.0B	19.5B	24.1B	22.9B	23.8B
Avg	15.1B	17.7B	20.7B	22.3B	23.1B
Low	14.0B	15.7B	17.8B	21.4B	22.2B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-8.0%	29.6%	35.8%	10.7%	6.7%
Avg	-13.6%	17.8%	16.7%	7.6%	3.7%
Low	-19.8%	4.6%	0.2%	3.3%	-0.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	32.48	46.01	53.75	53.38	57.52
Avg	29.63	36.56	45.43	51.86	55.88
Low	25.75	31.10	36.05	49.82	53.68

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-2.2%	55.3%	47.0%	17.5%	10.9%
Avg	-10.8%	23.4%	24.3%	14.1%	7.7%
Low	-22.4%	4.9%	-1.4%	9.7%	3.5%

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.