Oppenheimer Rates Lam Research (LRCX) buy, $400 Price Target
Oppenheimer reiterated its buy rating on Lam Research with a price target of $400 on June 15, 2026, a 2.97% upside from the current price.
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Oppenheimer rated Lam Research Corporation ($LRCX) "buy" with a $400 price target on June 15, 2026.
Since the rating, $LRCX is up 5.4% after 1 week, down 13.7% after 1 month and down 32.0% to date (from the $388.23 close on Jun 15, 2026).
LRCX
Lam Research Corporation
Key Points
- Oppenheimer reiterated its buy rating on Lam Research Corporation (LRCX) with a target price of $400, while the stock closed at $388.45 on June 15, 2026.
- Oppenheimer's $400 price target implies 2.97% upside from Lam Research Corporation's ($LRCX) current $388.45 share price.
- The stock has a P/E ratio of 52.25, reflecting its high valuation in the semiconductor equipment sector.
- The consensus among analysts shows a strong buy recommendation, with a mean target price of $375.81 based on 31 opinions.
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Oppenheimer's Buy Rating on Lam Research
On June 15, 2026, Oppenheimer reiterated its buy rating on Lam Research Corporation (LRCX) with a price target of $400. The stock was trading at $388.45 on that day, indicating a potential upside for investors if the target is reached.
Analysts Set New Price Targets
Oppenheimer's current price target is notably higher than the consensus mean target of $375.81 from 31 analysts. Other firms, like Morgan Stanley and B. Riley Securities, have maintained their ratings, with Morgan Stanley holding an Overweight rating and a target of $385, while B. Riley has a Buy rating with a target of $390. UBS also supports the stock with a Buy rating and a target of $425, indicating a generally positive sentiment across Wall Street.
How Lam Research Corporation Stock Has Traded
Lam Research shares are currently trading above their previous close of $286.92, reflecting strong market performance. The stock has a 52-week high of $438.50, showing its volatility and potential for growth in the semiconductor equipment sector. With a P/E ratio of 52.25, it appears to be valued highly, which investors often consider when assessing growth prospects.
$LRCX price target
Lam Research Corporation daily closes and this analyst's $400 target. Not advice.
Recent Earnings
In its most recent earnings report, Lam Research posted revenue of $23.23 billion, showing a revenue growth of 30%. The company's net margin stands at 31.27%, and its return on equity (ROE) is 65.07%. The next earnings report is scheduled for October 21, 2026, which will provide further insights into its financial health.
What Lam Research Corporation Does
Lam Research Corporation designs and manufactures equipment used in the production of semiconductors. Headquartered in Fremont, California, the company plays a crucial role in the technology sector, supplying essential tools for integrated circuit fabrication.
What’s Next for Lam Research
Investors will be watching for Lam Research's upcoming earnings report on October 21, 2026. Oppenheimer's reaffirmed rating and target price suggest confidence in the company's future performance, but as always, market conditions can change, and the 13F filing reflects past positions that may not indicate current holdings.
Related Filing Alerts
Source: Oppenheimer's rating change on $LRCX (Jun 15, 2026). Written by software, not financial advice. How we make alerts