Lam Research Corporation
LRCXPrice Projections & Market Scenarios
End of 2026 Target
Projected closing price (Bubble Scenario)
Yearly Price Targets (2025-2030)
| Year | Forecast Price | Growth vs Today |
|---|---|---|
| 2026 | $253.49 | -15% |
| 2027 | $164.03 | -31% |
| 2028 | $172.23 | -27% |
| 2029 | $194.00 | -18% |
| 2030 | $221.16 | -7% |
| 2031 | $245.93 | -18% |
Risk Analysis (Bubble)
The "AI Bubble" model assumes an unsustainable price acceleration through 2026, driven by retail hype, followed by a sharp correction in 2027 as revenue fails to match Capex.
AnalysisLive
Lam Research has a consensus moderate-buy profile with an average 12-month target around $358.97, and some consensus sources show targets in the low-to-mid $370s with upside into the $420–$500 range, while recent commentary notes a strong fiscal 2026 beat and continued growth in revenue and EPS15[14]. The latest data also shows fiscal 2026 revenue up about 48% and EPS up about 61%, with fiscal 2027 consensus EPS growth still expected near 60.6%, but the stock’s elevated valuation means AI/memory spending or capex normalization could create meaningful downside if demand softens2[11][13].
Key Insights
- •Analyst targets are still above the current price, with a consensus around $358.97 and reported ranges extending to about $500, implying the market expects additional upside if execution remains strong1[14].
- •Recent fiscal 2026 results were strong, with revenue of $6.72B and EPS of $1.82 beating estimates, and guidance for the next quarter was also above prior expectations[9][10].
- •The main risk is cyclicality: if AI infrastructure spending disappoints or memory-chip capex rolls over, LRCX could re-rate sharply lower despite its leadership in wafer-fab equipment[8][13].