Wells Fargo Rates Lam Research (LRCX) buy, $450 Price Target
Wells Fargo maintains a buy rating on Lam Research with a $450 price target, a 22.48% upside from the current price.
Reviewed by automated data checks against the source data. How we make and check alerts
Wells Fargo rated Lam Research Corporation ($LRCX) "buy" with a $450 price target on June 22, 2026.
Since the rating, $LRCX is up 0.3% after 1 week, down 22.0% after 1 month and down 35.5% to date (from the $409.11 close on Jun 22, 2026).
LRCX
Lam Research Corporation
Key Points
- Wells Fargo reiterated its buy rating on Lam Research Corporation (NASDAQ: LRCX) with a price target of $450 on June 22, 2026.
- Wells Fargo's $450 price target implies 22.48% upside from Lam Research Corporation's ($LRCX) current $367.41 share price.
- Shares of Lam Research traded near $388.45 on Monday, with a market cap of approximately $486.5 billion and a P/E ratio of 73.54.
- Multiple analysts, including Citigroup and Oppenheimer, also maintain buy ratings, while insider transactions show planned sales by executives.
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
On June 22, 2026, Wells Fargo reiterated its buy rating on Lam Research Corporation (NASDAQ: LRCX) and set a price target of $450. Analyst Joseph Quatrochi continues to see potential in the semiconductor equipment maker, maintaining a positive outlook on the company's future performance.
Wells Fargo vs. the S&P 500
Hypothetical returns from Wells Fargo's disclosed trades, not real profit or advice. How we model this.
Lam Research Corporation Stock Up 28.1%
Shares of NasdaqGS:LRCX traded near $388.45 on Monday. Lam Research boasts a market cap of about $486.5 billion, with a P/E ratio of 73.54 and a forward P/E of 48.58. The company's beta is 1.868, indicating a higher volatility compared to the market average. Over the past year, the stock has ranged from a low of $90.29 to a high of $401.00, and it has a 50-day moving average of $298.16 and a 200-day moving average of $210.07.
$LRCX price target
Lam Research Corporation daily closes and this analyst's $450 target. Not advice.
Recent Earnings
In its latest earnings report, Lam Research posted revenue of $21.68 billion, reflecting a growth rate of 23.8%. The company achieved a net margin of 30.9% and a return on equity of 66.8%. Earnings per share were reported at $5.29. Investors are looking forward to the next earnings release, scheduled for July 29, 2026.
Insider Buying and Selling at Lam Research Corporation
Recent insider activity at Lam Research shows planned sales by executives. Eric Brandt sold 54,500 shares at an average price of $367.18 on June 12 and $350.80 on June 11. Senior Vice President Neil Fernandes sold 7,659 shares at $309.60 on June 1 and 18,170 shares at $255.14 on May 1, both under planned sales. Chief Legal Officer Ava Harter sold 6,010 shares at $258.66 and bought 6,010 shares at $77.04, both on April 27.
Analysts Set New Price Targets
On June 22, 2026, Wells Fargo maintained its buy rating for Lam Research with a target price of $450. Citigroup also reiterated a buy rating on June 17, with the same $450 target. Oppenheimer maintained a buy rating with a $400 target on June 15, while Barclays held a neutral stance with a hold rating and a $335 target on June 11. The consensus among analysts is a buy recommendation, with a mean target price of $335.74 based on 31 opinions.
About Lam Research Corporation
Lam Research Corporation designs and manufactures semiconductor processing equipment used in the fabrication of integrated circuits. Based in Fremont, California, the company serves clients across the United States, Asia, and Europe. Led by CEO Timothy M. Archer, Lam Research employs approximately 20,600 people. The company's products include systems for tungsten or molybdenum metallization, copper interconnect, dielectric film solutions, and various etch and clean applications.
Bottom Line
Wells Fargo's reiteration of a buy rating with a $450 target reflects continued confidence in Lam Research's prospects. The company's strong market position in semiconductor equipment and robust financial performance make it a key player in the technology sector. Investors should note that these analyst ratings are based on past performance and market conditions as of the report date.
Related Filing Alerts
Source: Wells Fargo's rating change on $LRCX (Jun 22, 2026). Written by software, not financial advice. How we make alerts