Susquehanna Rates Lam Research (LRCX) buy, $475 Price Target

Analyst Mehdi Hosseini's price target sits well above the current market price as Wall Street remains largely positive on the semiconductor equipment maker, a 23.08% upside from the current price.

By EarningsIQ Research Desk · Published Jun 30, 2026, 11:02 AM EDT · Updated Jul 1, 2026, 3:01 PM EDT

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Susquehanna rated Lam Research Corporation ($LRCX) "buy" with a $475 price target on June 30, 2026.

Since the rating, $LRCX is down 24.7% after 1 week, down 31.3% after 1 month and down 39.0% to date (from the $432.87 close on Jun 30, 2026).

LRCX Lam Research Corporation

$263.94 +43.05% year to date

Daily close · Oct 16, 2026

Key Points

Susquehanna analyst Mehdi Hosseini reaffirmed a buy rating and a $475.00 price target for Lam Research on June 30, 2026.
Susquehanna's $475 price target implies 23.08% upside from Lam Research Corporation's ($LRCX) current $385.93 share price.
The company reported annual revenue of $23.23 billion with a 30% growth rate and a strong net margin of 31.27%.
Lam Research shares currently trade at $385.93, positioned between a 52-week low of $135.50 and a high of $438.50.

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On Tuesday, Susquehanna analyst Mehdi Hosseini reaffirmed a buy rating for Lam Research Corporation (NasdaqGS: LRCX), setting a price target of $475.00. This call suggests a positive path forward for the semiconductor equipment manufacturer, as the target sits significantly higher than the recent trading price of $385.93. The firm's long-term stance on the company remains unchanged following this update on June 30, 2026.

Analyst rating track record

Susquehanna vs. the S&P 500

YTD return -9.14% hypothetical

All-time return +4.06% S&P 500 +37.87%

vs. S&P 500 -33.81% behind the index

Hypothetical returns from Susquehanna's disclosed trades, not real profit or advice. How we model this.

Wall Street Analysts Lean Toward Strong Buy

Susquehanna is not alone in its optimistic view of Lam Research. The broader analyst community has established a consensus recommendation of strong buy, based on 31 different opinions. While Mehdi Hosseini's $475.00 target is on the higher end, the average target across all analysts is $375.81. Recent activity from other firms shows a range of expectations. On October 5, 2026, Morgan Stanley maintained an overweight rating and raised its target from $367.00 to $385.00. B. Riley Securities also boosted its target on October 1, 2026, moving from $350.00 to $390.00 with a buy rating. Earlier in the year, UBS maintained a buy rating on September 1, 2026, though it slightly lowered its price target from $435.00 to $425.00.

Lam Research Stock Performance and Value

The stock was trading at $385.93 on Tuesday, which is well above its 200-day moving average of $281.50. This indicates a steady upward trend over the last several months. The company's price-to-earnings (P/E) ratio stands at 52.25, though its forward P/E ratio — which looks at estimated future earnings — is a more modest 23.58. With a beta of 1.85, the stock tends to be more volatile than the broader market, which is common for major players in the high-tech semiconductor space. The current price is roughly in the middle of its 52-week range of $135.50 to $438.50.

12-month forecast

$LRCX price target

Lam Research Corporation daily closes and this analyst's $475 target. Not advice.

Recent Earnings Growth

Lam Research has shown solid financial results, reporting $23.23 billion in revenue for its most recent period. This represents a 30% increase in revenue growth, paired with a healthy net margin of 31.27%. The company also reported a return on equity of 65.07%, showing efficient use of shareholder capital. Investors are looking toward October 21, 2026, when the company is scheduled to release its next set of quarterly earnings results.

Dividend and Payouts

For investors focused on income, Lam Research currently offers a dividend yield of 0.48%. The company maintains a payout ratio of 18.06%, which suggests it keeps a large portion of its earnings to reinvest in the business while still returning some cash to shareholders. This conservative payout level often indicates that a dividend is sustainable at current earnings levels.

Semiconductor Manufacturing Role

Lam Research is a critical piece of the global tech supply chain. Based in Fremont, California, the company builds the complex machinery that other companies use to make computer chips. Their equipment is used for etching and cleaning silicon wafers, which are the building blocks of the integrated circuits found in everything from smartphones to data centers. Because their tools are essential for making advanced logic and memory chips, the company's health is often seen as a bellwether for the entire semiconductor industry.

What's Ahead for Lam Research Corporation

With the next earnings report coming on October 21, 2026, market watchers will be looking to see if the company can maintain its 30% revenue growth rate. The gap between the current stock price and Susquehanna's $475.00 target will be a key point of interest for those following the semiconductor sector. As with all analyst ratings and price targets, these are projections and not guarantees of future performance.