Lam Research Corporation ($LRCX) Stock Forecast: Down 5.8% Today

What is Lam Research Corporation?

Lam Research (LRCX) specializes in manufacturing equipment for integrated circuit fabrication, operating in the semiconductor industry. Demand for chips, particularly for AI-related applications, has been driving positive market sentiment for semiconductor companies.

Why is Lam Research Corporation going down?

LRCX stock is down 5.8% on Jan 30, 2026 20:40

• Lam Research (LRCX) saw a decrease in its stock price despite a price target raise to $235.00 by New Street Research.
• The decline may be linked to investors taking profits following strong Q2 earnings and positive Q3 guidance, leading to a brief price correction.
• Concerns voiced by some analysts about the stock's high valuation and historical volatility may have further influenced the downward movement in LRCX's stock.
• Price target hikes for companies like KLA Corporation amidst an optimistic semiconductor market outlook suggests that the dip in LRCX's stock price is likely a short-term adjustment rather than indicative of the company's future prospects.

LRCX Price Chart

LRCX Technical Analysis

LRCX News

Stifel raises KLA stock price target to $1,700 on industry growth outlook

Stifel has increased its price target for KLA Corporation (NASDAQ:KLAC) to $1,700 from $1,600, maintaining a Buy rating after the semiconductor equipment maker's fiscal Q2 results and Q3 guidance surpassed expectations. KLA projects low-teens percentage growth for wafer fabrication equipment spending, with process control revenue expected to grow even faster. Despite some industry forecast discrepancies, Stifel continues to recommend KLA as a core, high-quality holding.

https://www.investing.com/news/analyst-ratings/stifel-raises-kla-stock-price-target-to-1700-on-industry-growth-outlook-93CH-4476664

New Street Research Raises Lam Research (NASDAQ:LRCX) Price Target to $235.00

New Street Research increased its price target for Lam Research (NASDAQ:LRCX) to $235.00 from $195.00, maintaining a "neutral" rating despite the new target suggesting a 5.31% downside from the previous close. This adjustment follows Lam Research's strong Q2 earnings beat and upbeat Q3 guidance, driven by AI-related demand. Several other firms also raised their price targets, contributing to an average target of $238.32, although some analysts caution about the stock's rich valuation and historical volatility.

https://www.marketbeat.com/instant-alerts/new-street-research-raises-lam-research-nasdaqlrcx-price-target-to-23500-2026-01-30/

QLTY’s 37% Tech Allocation Was A Tailwind; Now It’s A Liability

The GMO U.S. Quality ETF (QLTY), which launched in November 2023, attracted $3 billion and returned 20.5% over the past year, outperforming the S&P 500, largely due to its significant 37% allocation to Information Technology and top holdings like Microsoft and Meta Platforms. However, the article suggests that QLTY's high concentration in tech, particularly with elevated valuations and Meta's profit volatility, now poses a liability due to risks of tech multiple compression if interest rates shift or growth disappoints. The next 12 months will test whether its quality screen can protect capital against rate volatility and concentrated tech exposure.

https://247wallst.com/investing/2026/01/30/qltys-37-tech-allocation-was-a-tailwind-but-now-its-a-liability/

Jim Cramer Doesn’t Want to Call the Bottom on Broadcom (AVGO)

Jim Cramer commented on Broadcom (AVGO), an AI industry player whose shares are up 59% over the past year. While multiple analysts reiterated positive ratings and high price targets for AVGO due to its strong margins, pricing power, and chip opportunities, especially in AI, Cramer stated he does not want to call the bottom on Broadcom, indicating caution despite the analyst optimism. The article suggests that while AVGO has potential as an investment, other AI stocks may offer greater returns with less downside risk.

https://finance.yahoo.com/news/jim-cramer-doesn-t-want-132258605.html

Mizuho Upgrades Applied Materials (AMAT) to Outperform on Global WFE Tailwinds

Mizuho analyst Vijay Rakesh upgraded Applied Materials (AMAT) to Outperform with a $370 price target, citing robust global Wafer Fab Equipment (WFE) tailwinds. The firm anticipates significant WFE spending growth in 2026 and 2027, driven by increased capital expenditure from TSMC and Intel, and strong demand from high-bandwidth memory. This positive outlook positions AMAT, a leading WFE supplier, to benefit from accelerated ex-China WFE revenues.

https://finviz.com/news/293154/mizuho-upgrades-applied-materials-amat-to-outperform-on-global-wfe-tailwinds

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Lam Research Corporation Price History

27.00.2026 - LRCX Stock was up 5.7%

• Selling a portion of its stake in Lam Research Corporation might have initially caused some uncertainty in the market, but the overall bullish trend prevailed.
• The outperformance of Israeli chip equipment stocks, driven by increased demand for chips due to AI development, likely contributed to positive sentiment in the semiconductor sector, benefiting companies like Lam Research.
• The strong fundamentals and technical momentum of Lam Research, as highlighted by analysts, could have further boosted investor confidence in the stock.
• Micron's groundbreaking on a new wafer fabrication facility in Singapore, signaling significant investment in the semiconductor industry, may have positively impacted the overall sector, including Lam Research.

27.00.2026 - LRCX Stock was up 7.1%

• Lam Research's stock reached a new 52-week high after receiving an analyst upgrade, reflecting strong confidence in the company's performance and future prospects.
• Despite recent insider selling by the CFO and a director, the overall positive sentiment from analysts and the announcement of a quarterly dividend have contributed to the bullish movement.
• The broader semiconductor industry, as evidenced by KLA Corporation hitting an all-time high, is experiencing significant growth and innovation, which is likely boosting investor confidence in companies like Lam Research.
• The increased demand for chips, particularly driven by AI development, has led to a positive outlook for semiconductor equipment companies like Lam Research, aligning with the bullish market movement observed recently.

27.00.2026 - LRCX Stock was up 6.2%

• Lam Research (LRCX) stock reached a new 52-week high following analyst upgrades, indicating strong market confidence in the company's future prospects.
• Despite the positive outlook, recent insider selling activities by the CFO and a director may have raised some concerns among investors about the company's internal sentiment.
• The bullish movement in LRCX's stock could also be attributed to the overall positive sentiment in the semiconductor industry, as reflected in the all-time highs reached by other major players like Micron Technology and KLA Corporation.
• Investors are closely monitoring how Lam Research navigates potential trade policy risks and capitalizes on the increasing demand for semiconductor equipment in AI-related applications.

14.00.2026 - LRCX Stock was down 5.2%

• The bearish movement in LRCX could be attributed to profit-taking by investors after a period of bullish momentum in the semiconductor sector.
• The significant price target upgrades for KLA Corporation (KLAC) and the positive sentiment around Applied Materials Inc. (AMAT) might have shifted investor focus away from Lam Research, leading to selling pressure on LRCX shares.
• Despite the positive outlook for semiconductor companies like KLAC and AMAT, market participants may have chosen to reallocate their investments based on the valuation concerns raised in the analysis of AMAT's stock.
• The upcoming earnings report for KLA in January could also be influencing investor sentiment, causing some to reposition their portfolios and contributing to the bearish movement in LRCX today.

09.00.2026 - LRCX Stock was up 7.8%

• Lam Research (LRCX) stock surged today, hitting an all-time high, driven by multiple positive catalysts in the semiconductor industry.
• A financial institution raised its price target and maintained a Buy rating on LRCX, citing broad strength in the semiconductor sector, which fueled investor optimism.
• An optimistic outlook on the wafer fabrication equipment sector for 2026 further boosted confidence in Lam Research, aligning with the overall bullish sentiment in the market.
• Strong global semiconductor sales and record results from key industry players indicated robust demand for AI chips, benefiting companies like Lam Research.

09.00.2026 - LRCX Stock was up 7.9%

• The bullish movement in Lam Research's stock can be attributed to a combination of factors:
• Positive analyst ratings and increased investor confidence in the company's successful strategies.
• Recent developments such as the expansion of physical presence with a new office building in Oregon and the declaration of a quarterly dividend.
• Strong financial performance, including a 163.24% one-year total return and 25.66% revenue growth, indicating solid fundamentals.
• The upcoming quarterly financial conference call on January 28, 2026, is likely generating anticipation among investors for further insights into the company's performance and future outlook.

09.00.2026 - LRCX Stock was up 5.6%

• Institutional investors, including the Oregon Public Employees Retirement Fund, have increased their stake in Lam Research Corporation, signaling growing confidence in the company's future prospects.
• The semiconductor company reported strong Q3 earnings, exceeding analyst expectations, and also declared a quarterly dividend, further enhancing investor sentiment.
• Despite the broader market trend of profit-taking in the technology sector, LRCX stood out with positive performance, possibly due to its strong financials and strategic positioning within the semiconductor industry.
• The upcoming quarterly financial conference call by Lam Research Corporation may offer additional insights into the company's growth trajectory, attracting more investors interested in opportunities within the semiconductor sector.

09.00.2026 - LRCX Stock was up 8.6%

• Lam Research (LRCX) stock soared to an all-time high driven by strong investor confidence and a healthy financial position, characterized by a notable 163.24% one-year total return and substantial revenue growth.
• Favorable analyst evaluations, recent expansions, and the announcement of a quarterly dividend have contributed to heightened investor confidence in Lam Research.
• Despite the stock's impressive performance, there are signals that it may be trading above its Fair Value, as noted by InvestingPro data, underscoring the importance of vigilantly monitoring valuation metrics for sustainable growth.
• Institutional investors, such as the Oregon Public Employees Retirement Fund, have displayed growing interest in Lam Research, further underpinning the stock's upward momentum.

30.00.2026 - LRCX Stock was down 5.8%

• Lam Research (LRCX) saw a decrease in its stock price despite a price target raise to $235.00 by New Street Research.
• The decline may be linked to investors taking profits following strong Q2 earnings and positive Q3 guidance, leading to a brief price correction.
• Concerns voiced by some analysts about the stock's high valuation and historical volatility may have further influenced the downward movement in LRCX's stock.
• Price target hikes for companies like KLA Corporation amidst an optimistic semiconductor market outlook suggests that the dip in LRCX's stock price is likely a short-term adjustment rather than indicative of the company's future prospects.

15.00.2026 - LRCX Stock was up 7.8%

• LRCX experienced a strong bullish movement today, following positive developments in the semiconductor sector.
• The surge in LRCX stock can be attributed to a positive investment forecast by a key industry player, which boosted the semiconductor sector, including chip equipment makers like LRCX.
• Analysts raised their price targets for LRCX, pointing to expected strength in DRAM spending and shifts in chipmaking that are favorable for the company.
• Strong earnings and a share repurchase program by Lam Research also contributed to the positive momentum in LRCX stock.

15.00.2026 - LRCX Stock was up 6.7%

• Lam Research (LRCX) reached a new 52-week high following an analyst upgrade and surpassed quarterly earnings and revenue estimates, reporting impressive year-over-year revenue growth.
• The bullish sentiment in the semiconductor sector, driven by a positive investment forecast from Taiwan Semiconductor Manufacturing Company (TSMC), has significantly boosted stocks like Lam Research, ASML, and Applied Materials.
• Analysts are optimistic about the future growth prospects of companies like Lam Research, attributing it to anticipated solid secular growth in wafer fabrication equipment and increased capital spending plans in the chipmaking industry.
• The overall positive outlook for the semiconductor sector, fueled by advancements in AI technology and increased demand for chip equipment, has contributed to the upward momentum in Lam Research's stock price.

15.00.2026 - LRCX Stock was up 6.0%

• Lam Research's current bullish trend is a result of a series of analyst upgrades with significant increases in price targets, indicating high confidence in the company's potential.
• Anticipation of strong earnings for the upcoming conference call on January 28, 2026, with projected year-over-year growth in EPS and revenue, is boosting investor optimism.
• The positive market sentiment towards wafer fabrication equipment firms, evidenced by upgrades and target price raises for industry peers, is also contributing to the uptrend in LRCX's stock.
• With a track record of surpassing quarterly earnings and revenue expectations and a strong market position, Lam Research's stock is gaining new highs, reinforcing investor trust in the company.