Lam Research stock jumps on Mizuho target hike as chip-tool rally sets up next earnings test
New York, Jan 10, 2026, 06:12 EST — The market has closed. Lam Research (LRCX.O) shares jumped 8.7% on Friday, closing at $218.36. The boost came after Mizuho lifted its price target on the chip equipment maker to $220 from $200. The rally coincided with a wider upswing in semiconductor stocks that sent the PHLX chip index to a new record. (Reuters) The move comes as investors wrestle with the speed of Federal Reserve rate cuts this year, while growth stocks sensitive to rates remain focused on inflation and labor numbers. Following Friday’s jobs report, traders lowered near-term easing bets,