Wells Fargo Reiterates Buy Rating on Lam Research
Wells Fargo maintains a buy rating on Lam Research with a $450 price target, a 22.48% upside from the current price.
Key Points
- Wells Fargo reiterated its buy rating on Lam Research Corporation (NASDAQ: LRCX) with a price target of $450 on June 22, 2026.
- Wells Fargo's $450 price target implies 22.48% upside from Lam Research Corporation's ($LRCX) current $367.41 share price.
- Shares of Lam Research traded near $388.45 on Monday, with a market cap of approximately $486.5 billion and a P/E ratio of 73.54.
- Multiple analysts, including Citigroup and Oppenheimer, also maintain buy ratings, while insider transactions show planned sales by executives.
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On June 22, 2026, Wells Fargo reiterated its buy rating on Lam Research Corporation (NASDAQ: LRCX) and set a price target of $450. Analyst Joseph Quatrochi continues to see potential in the semiconductor equipment maker, maintaining a positive outlook on the company's future performance.
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Lam Research Corporation Stock Up 21.7%
Shares of NasdaqGS:LRCX traded near $388.45 on Monday. Lam Research boasts a market cap of about $486.5 billion, with a P/E ratio of 73.54 and a forward P/E of 48.58. The company's beta is 1.868, indicating a higher volatility compared to the market average. Over the past year, the stock has ranged from a low of $90.29 to a high of $401.00, and it has a 50-day moving average of $298.16 and a 200-day moving average of $210.07.
$LRCX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its latest earnings report, Lam Research posted revenue of $21.68 billion, reflecting a growth rate of 23.8%. The company achieved a net margin of 30.9% and a return on equity of 66.8%. Earnings per share were reported at $5.29. Investors are looking forward to the next earnings release, scheduled for July 29, 2026.
Insider Buying and Selling at Lam Research Corporation
Recent insider activity at Lam Research shows planned sales by executives. Eric Brandt sold 54,500 shares at an average price of $367.18 on June 12 and $350.80 on June 11. Senior Vice President Neil Fernandes sold 7,659 shares at $309.60 on June 1 and 18,170 shares at $255.14 on May 1, both under planned sales. Chief Legal Officer Ava Harter sold 6,010 shares at $258.66 and bought 6,010 shares at $77.04, both on April 27.
Analysts Set New Price Targets
On June 22, 2026, Wells Fargo maintained its buy rating for Lam Research with a target price of $450. Citigroup also reiterated a buy rating on June 17, with the same $450 target. Oppenheimer maintained a buy rating with a $400 target on June 15, while Barclays held a neutral stance with a hold rating and a $335 target on June 11. The consensus among analysts is a buy recommendation, with a mean target price of $335.74 based on 31 opinions.
About Lam Research Corporation
Lam Research Corporation designs and manufactures semiconductor processing equipment used in the fabrication of integrated circuits. Based in Fremont, California, the company serves clients across the United States, Asia, and Europe. Led by CEO Timothy M. Archer, Lam Research employs approximately 20,600 people. The company's products include systems for tungsten or molybdenum metallization, copper interconnect, dielectric film solutions, and various etch and clean applications.
Bottom Line
Wells Fargo's reiteration of a buy rating with a $450 target reflects continued confidence in Lam Research's prospects. The company's strong market position in semiconductor equipment and robust financial performance make it a key player in the technology sector. Investors should note that these analyst ratings are based on past performance and market conditions as of the report date.
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