Lam Research (LRCX) Stock Near Record High After Oregon Expansion and AI Chip Boom: Price Targets, Forecasts and Risks
Lam Research shares hit new 52-week highs above $166 in December 2025, more than doubling year-to-date on strong AI chip demand and a $65 million Oregon expansion. The company’s valuation now exceeds 28 times trailing earnings, drawing analyst caution as price targets lag the current share price.