B of A Securities Rates Lam Research (LRCX) buy

Analyst Vivek Arya keeps a buy rating on Lam Research Corporation with a $480 price target, a 22.17% upside from the current price.

By EarningsIQ Research Desk · Published Jun 23, 2026, 9:01 AM EDT · Updated Jun 26, 2026, 6:01 AM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

B of A Securities rated Lam Research Corporation ($LRCX) "buy" with a $480 price target on June 23, 2026.

Since the rating, $LRCX is up 16.7% after 1 week, down 13.9% after 1 month and down 28.9% to date (from the $370.94 close on Jun 23, 2026).

LRCX Lam Research Corporation

$263.94 +43.05% year to date

Daily close · Oct 16, 2026

Key Points

B of A Securities analyst Vivek Arya reaffirmed a buy rating on Lam Research Corporation (NasdaqGS: LRCX) on June 23, 2026, setting a price target of $480.
B of A Securities's $480 price target implies 22.17% upside from Lam Research Corporation's ($LRCX) current $392.88 share price.
Other Wall Street firms have adjusted targets recently, with Morgan Stanley maintaining an overweight rating at a $385 target and B. Riley Securities keeping a buy rating at $390.
Lam Research trades on the NasdaqGS near $392.88, backed by a forward P/E ratio of 23.58 and an upcoming earnings report on October 21, 2026.

Get $LRCX trade alerts by text

We text you when insiders, Congress or big funds trade $LRCX. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Lam Research Corporation alert may contain errors. Disclosures

B of A Securities Updates View on Lam Research

B of A Securities analyst Vivek Arya reaffirmed a buy rating on Lam Research Corporation (NasdaqGS: LRCX) on June 23, 2026, setting a price target of $480. The firm continues to stay positive on the chip equipment maker as part of its wider tech sector coverage. This follows a busy summer of rating updates across the street as analysts factor in changing demand for advanced manufacturing tools used in logic and memory chips.

Analyst rating track record

B of A Securities vs. the S&P 500

YTD return +3.70% hypothetical

All-time return +26.99% S&P 500 +26.21%

vs. S&P 500 +0.78% ahead of the index

Hypothetical returns from B of A Securities's disclosed trades, not real profit or advice. How we model this.

Analysts Set New Price Targets

Other major financial institutions have recently updated their views on the chip equipment maker with varied targets. On October 5, 2026, Morgan Stanley maintained its overweight rating with a $385 target, following an earlier target of $367. B. Riley Securities kept a buy rating on October 1, 2026, lifting its target to $390 from $350. Earlier, UBS maintained a buy rating on September 1, 2026, adjusting its target to $425, while Mizuho kept an outperform rating with a $365 target on August 25, 2026. Across the wider analyst community, the stock carries a strong buy recommendation key, with a mean price target of $375.81 based on opinions from 31 analysts, ranging from a low of $290 to a high of $500.

Stock Performance and Valuation

The shares recently changed hands at $392.88 on the NasdaqGS. The stock has moved within a 52-week range between $135.50 and $438.50, sitting well above its 200-day moving average of $281.50. The equipment maker carries a forward P/E of 23.58 based on expected future earnings, alongside a trailing P/E ratio of 52.25.

12-month forecast

$LRCX price target

Lam Research Corporation daily closes and this analyst's $480 target. Not advice.

Recent Earnings and Financial Health

In its most recent financial reports, Lam Research posted $23.23 billion in trailing revenue, marking a revenue growth rate of 30.0%. The company generated a net margin of 31.3% and a return on equity of 65.1%. Investors will look toward the company's next earnings report on October 21, 2026, for further insights into its financial standing.

Dividend Profile

The company distributes an annual dividend yield of 0.48%, supported by a dividend payout ratio of 18.1%. This allows the firm to return capital to shareholders while reinvesting heavily in its research and development operations.

Inside Lam Research Operations

Headquartered in Fremont, California, Lam Research Corporation designs and builds advanced processing equipment used to fabricate microchips around the globe. Its systems handle key steps like deposition, etch, and wafer cleaning for major semiconductor producers.

What to Watch at Lam Research Corporation

Market participants will keep an eye on upcoming sector reports and the October earnings release to see if equipment demand holds steady. Analyst adjustments will likely follow as new order numbers come to light.