Lam Research stock slips 3% after fresh high as Citi, Deutsche Bank lift targets into earnings
Lam Research shares fell 3.4% to $220.70 Thursday, slipping from a 52-week high reached the previous day. The decline came despite Citi and Deutsche Bank raising their price targets ahead of Lam’s Jan. 28 earnings. Investors are watching for 2026 chip-equipment spending forecasts, not just quarterly results. Lam’s trading volume was near average as the S&P 500 rose 0.6%.