UBS Raises LRCX Target Price to $375

BlockBeats News, June 10, according to market reports, UBS (America) has raised the target price of Lam Research (LRCX, a semiconductor equipment giant and key supplier for AI chip manufacturing) to $375 (previously $310), maintaining a Buy rating. This move by UBS follows a series of positive actions by analysts and builds on the momentum generated by Lam Research's strong third-quarter results announced in April. In that earnings report, the company's revenue and earnings per share both exceeded expectations. The stock's strength is further supported by the surge in semiconductor industry demand driven by AI expansion and the rising expectations for spending on wafer fabrication equipment (machines used to manufacture computer chips).