Lam Research Corporation (LRCX) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$297.17
Price Target
$290.65
Target Range
$200.00 — $385.00
Analyst Rating
Buy
Forward P/E48.8x
Trailing P/E71.6x
Forward PEG2.18
Implied Growth+6.0%
Median Target$295.00
Analyst Spread63.7%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$200
-32.7%
Consensus
$291
-2.2%
Bull Case
$385
+29.6%
Valuation Model TargetsConfidence: 66/100
Bear$184
Base$505
Bull$699
LRCX Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Lam Research Corporation (LRCX) has a Wall Street consensus price target of $290.65, based on estimates from 50 covering analysts. With the stock currently trading at $297.17, this represents a potential upside of +5.4%. The company has a market capitalization of $371.10B.
Analyst price targets range from a low of $200.00 to a high of $385.00, representing a 64% spread in expectations. The median target of $295.00 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 38 analysts rating the stock as a Buy or Strong Buy,11 rating it Hold, and 1 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, LRCX trades at a trailing P/E of 71.6x and forward P/E of 48.8x. The forward PEG ratio of 2.18 reflects a premium valuation. Analysts expect EPS to grow +6.0% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $504.87, with bear and bull scenarios of $183.75 and $699.40 respectively. Model confidence stands at 66/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside-1.3%
Avg Forward P/E48.6x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 AMATApplied Materials, Inc. | $339.9B | $428.62 | $426.39 | +3.8% | Buy | 37.1x | 53 |
 KLACKLA Corporation | $238.6B | $1816.29 | $1819.38 | +5.0% | Buy | 47.1x | 44 |
 ASMLASML Holding N.V. | $599.6B | $1544.74 | $1595.20 | +10.6% | Buy | 44.6x | 45 |
 TERTeradyne, Inc. | $59.9B | $382.91 | $351.09 | -1.7% | Buy | 49.5x | 31 |
 ONTOOnto Innovation Inc. | $14.6B | $294.05 | $308.33 | +1.1% | Buy | 43.1x | 11 |
 ACLSAxcelis Technologies, Inc. | $5.5B | $171.00 | $128.00 | -8.4% | Buy | 38.3x | 12 |
 NVMINova Ltd. | $15.7B | $534.54 | $489.50 | -5.1% | Buy | 49.9x | 12 |
 CAMTCamtek Ltd. | $7.2B | $202.54 | $165.60 | -16.0% | Buy | 56.7x | 13 |
 MKSIMKS Inc. | $19.8B | $293.77 | $272.86 | -5.1% | Buy | 29.0x | 29 |
 COHUCohu, Inc. | $2.3B | $49.62 | $49.75 | +2.7% | Buy | 91.0x | 14 |
Upside Potential Comparison
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Start ComparisonLRCX — Frequently Asked Questions
Quick answers to the most common questions about buying LRCX stock.
What is the LRCX stock price target for 2026?
The consensus price target for LRCX is $290.65, close to the current price of $297.17 (5.4% implied move). Based on 50 analyst estimates, the stock appears fairly valued near current levels.
Is LRCX a buy, sell, or hold?
LRCX has a consensus rating of "Buy" based on 50 Wall Street analysts. The rating breakdown is predominantly bullish, with 38 Buy/Strong Buy ratings. The consensus 12-month price target of $290.65 implies 5.4% upside from current levels.
Is LRCX stock overvalued or undervalued?
At a forward P/E of 48.7753x, LRCX trades at a premium valuation. The consensus price target of $290.65 (5.4% upside) suggests analysts may view current valuations as stretched.
How high can LRCX stock go?
The most bullish Wall Street analyst has a price target of $385 for LRCX, while the most conservative target is $200. The consensus of $290.65 represents the median expectation. Our quantitative valuation model projects a bull case target of $699 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover LRCX stock?
LRCX is heavily covered by Wall Street, with 50 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 38 have Buy ratings, 11 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the LRCX stock forecast?
The 12-month LRCX stock forecast based on 50 Wall Street analysts shows a consensus price target of $290.65, with estimates ranging from $200 (bear case) to $385 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $505, with bear/bull scenarios of $184/$699.
What is LRCX's fair value based on fundamentals?
Our quantitative valuation model calculates LRCX's fair value at $505 (base case), with a bear case of $184 and bull case of $699. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 66/100.
What is LRCX's forward P/E ratio?
LRCX trades at a forward P/E ratio of 48.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 71.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy LRCX stock?
LRCX appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $290.65 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do LRCX price targets vary so much?
LRCX analyst price targets range from $200 to $385, a 64% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $290.65 consensus represents the middle ground. Our model's $184-$699 range provides an independent fundamental perspective.