Cantor Fitzgerald Reiterates Buy Rating on Lam Research
Cantor Fitzgerald maintains its buy rating on Lam Research, setting a $500 price target, a 14.79% upside from the current price.
Key Points
- Cantor Fitzgerald reiterated its buy rating for Lam Research Corporation (LRCX) on June 29, 2026, with a price target of $500.
- Cantor Fitzgerald's $500 price target implies 14.79% upside from Lam Research Corporation's ($LRCX) current $435.57 share price.
- Shares of Lam Research traded near $379.09 on Monday, with a market cap of $474.1 billion and a P/E ratio of 71.39.
- Insider transactions included planned sales by Eric Brandt and Neil Fernandes, while Ava Harter made both a sale and a purchase.
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Cantor Fitzgerald has reiterated its buy rating on Lam Research Corporation (NasdaqGS: LRCX) as of June 29, 2026, maintaining a price target of $500. The analyst C.J. Muse continues to see potential in the semiconductor equipment and materials company.
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Lam Research Corporation Stock Up 44.3%
Shares of Lam Research traded near $379.09 on Monday. The company, with a market cap of approximately $474.1 billion, has a P/E ratio of 71.39 and a forward P/E of 47.34. The stock's beta is 1.868, indicating relatively high volatility compared to the market. Over the past year, the stock has ranged from $90.94 to $409.75, with a 50-day moving average of $310.35 and a 200-day moving average of $217.19.
$LRCX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Lam Research reported revenue of $21.68 billion, showing a growth rate of 23.8%. The company posted an earnings per share (EPS) of $5.31, while its net margin stood at 30.9%. The return on equity (ROE) was an impressive 66.8%. The next earnings report is expected on July 29, 2026.
Insider Buying and Selling at Lam Research Corporation
Recent insider activity at Lam Research includes planned sales by Eric Brandt on June 12 and June 11, 2026, selling 54,500 shares at prices of $367.18 and $350.80, respectively. Neil Fernandes, Senior Vice President, sold 7,659 shares at $309.60 on June 1, 2026, and 18,170 shares at $255.14 on May 1, 2026, both under planned transactions. Meanwhile, Chief Legal Officer Ava Harter sold 6,010 shares at $258.66 and bought the same number at $77.04 on April 27, 2026.
Analysts Set New Price Targets
On June 29, 2026, Cantor Fitzgerald maintained its buy rating on Lam Research with a $500 price target. Recently, B of A Securities also maintained a buy rating, setting a target of $480 on June 23, while Wells Fargo and Citigroup both reiterated buy ratings with targets of $450 on June 22 and June 17, respectively. The consensus among analysts is a buy rating, with an average target price of $340.58 based on 31 analyst opinions.
About Lam Research
Lam Research Corporation, headquartered in Fremont, California, designs and manufactures semiconductor processing equipment. These machines are essential for the production of integrated circuits. Led by CEO Timothy M. Archer, the company serves markets in the United States, Asia, and Europe, employing around 20,600 people. Lam's products include systems for depositing and etching materials on semiconductor wafers.
Bottom Line
Cantor Fitzgerald's reaffirmation of its buy rating for Lam Research, along with a $500 price target, signals continued confidence in the company's prospects. Lam Research's strong market position and financial performance are key factors for investors to watch. As always, it's important to remember that analyst ratings are based on past performance and projections, and actual outcomes can differ.
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