Lam Research Stock (LRCX) Jumps on Analyst Price-Target Hikes as AI Memory Boom Lifts Chip-Equipment Outlook
Lam Research shares rose 5.2% to $163.06 by 17:19 UTC Thursday after analysts at B. Riley, Mizuho, and Jefferies raised their price targets, citing confidence in 2026 demand. The stock swung between $156.90 and $168.20 amid a sector rally fueled by Micron’s strong outlook and a softer U.S. inflation report.