"JPMorgan argues the March-quarter print extends the multi-year WFE framework into 2027 and 2028 for Lam Research, transforming what looked like a cyclical bounce into a durable spending wave."
"Goldman explicitly says Lam Research is 'well positioned for outperformance' thanks to deposition, etch, and NAND upgrade cycle exposure, with stronger growth potential into CY27."
"Lam delivered record revenue and EPS in the March quarter as AI-driven demand reshapes the semiconductor industry."
JPMorgan analyst Harlan Sur increased the price target for Lam Research to $315, emphasizing a reset in the wafer fab equipment framework. Goldman Sachs also raised its target to $290, indicating strong demand signals. Both firms highlight that cleanroom constraints are limiting near-term shipments, yet they view this as a positive indicator of demand. Lam Research reported record revenue of $5.84 billion in the March quarter, driven by AI demand, with expectations for continued growth into 2027 and 2028.
Read at 24/7 Wall St.
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