Lam Research Corporation (LRCX)
NASDAQ: LRCX · IEX Real-Time Price · USD
942.08
+30.00 (3.29%)
May 20, 2024, 2:45 PM EDT - Market open
Lam Research Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for Lam Research stock have an average target of 932.24, with a low estimate of 650 and a high estimate of 1,200. The average target predicts a decrease of -1.04% from the current stock price of 942.08.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Lam Research stock from 21 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 8 | 8 | 8 | 9 | 10 |
| Buy | 2 | 3 | 3 | 3 | 4 | 4 |
| Hold | 6 | 8 | 8 | 8 | 8 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 19 | 19 | 19 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Initiates $980 → $1,100 | Strong Buy | Initiates | $980 → $1,100 | +16.76% | May 13, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $975 → $1,025 | Strong Buy | Maintains | $975 → $1,025 | +8.80% | Apr 25, 2024 |
| Barclays | Barclays | Hold Maintains $825 → $865 | Hold | Maintains | $825 → $865 | -8.18% | Apr 25, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $975 → $1,000 | Strong Buy | Maintains | $975 → $1,000 | +6.15% | Apr 25, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $900 → $950 | Buy | Maintains | $900 → $950 | +0.84% | Apr 25, 2024 |
Financial Forecast
Revenue This Year
15.06B
from 17.43B
Decreased by -13.60%
Revenue Next Year
17.74B
from 15.06B
Increased by 17.82%
EPS This Year
29.63
from 33.21
Decreased by -10.77%
EPS Next Year
36.56
from 29.63
Increased by 23.36%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 16.0B | 19.5B | 24.1B | 23.2B | 24.1B |
| Avg | 15.1B | 17.7B | 20.7B | 22.5B | 23.4B |
| Low | 14.0B | 15.7B | 17.8B | 21.6B | 22.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -8.0% | 29.6% | 35.8% | 11.9% | 6.9% |
| Avg | -13.6% | 17.8% | 16.7% | 8.7% | 3.9% |
| Low | -19.8% | 4.6% | 0.2% | 4.4% | -0.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 32.48 | 46.01 | 53.75 | 53.99 | 58.38 |
| Avg | 29.63 | 36.56 | 45.43 | 52.45 | 56.71 |
| Low | 25.75 | 31.10 | 36.05 | 50.39 | 54.49 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -2.2% | 55.3% | 47.0% | 18.8% | 11.3% |
| Avg | -10.8% | 23.4% | 24.3% | 15.4% | 8.1% |
| Low | -22.4% | 4.9% | -1.4% | 10.9% | 3.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.