Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, Lam Research Corporation (LRCX) has a Wall Street consensus price target of $267.50, based on estimates from 50 covering analysts. With the stock currently trading at $233.89, this represents a potential upside of +14.4%. The company has a market capitalization of $292.64B.
Analyst price targets range from a low of $127.00 to a high of $325.00, representing a 74% spread in expectations. The median target of $277.50 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 56.4x and forward P/E of 44.0x. The forward PEG ratio of 1.96 indicates reasonable valuation for growth. Analysts expect EPS to grow +8.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $383.56, with bear and bull scenarios of $142.68 and $543.58 respectively. Model confidence stands at 66/100, reflecting moderate uncertainty in projections.
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Start ComparisonLam Research Corporation (LRCX) has a consensus 12-month price target of $267.5, implying 14.4% upside from $233.89. The 50 analysts covering LRCX see moderate appreciation potential.
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 $267.5 implies 14.4% upside from current levels.
At a forward P/E of 43.9742x, LRCX trades at a premium valuation. The consensus price target of $267.5 (14.4% upside) suggests analysts still see growth justifying the multiple.
The most bullish Wall Street analyst has a price target of $325 for LRCX, while the most conservative target is $127. The consensus of $267.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $544 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
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.
The 12-month LRCX stock forecast based on 50 Wall Street analysts shows a consensus price target of $267.5, with estimates ranging from $127 (bear case) to $325 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $384, with bear/bull scenarios of $143/$544.
Our quantitative valuation model calculates LRCX's fair value at $384 (base case), with a bear case of $143 and bull case of $544. 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.
LRCX trades at a forward P/E ratio of 44.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 56.4x. 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.
Wall Street analysts are optimistic on LRCX, with a "Buy" consensus rating and $267.5 price target (14.4% upside). 38 of 50 analysts rate it Buy or Strong Buy. 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.
LRCX analyst price targets range from $127 to $325, a 74% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $267.5 consensus represents the middle ground. Our model's $143-$544 range provides an independent fundamental perspective.