Analyst Upgrades, Price Targets, Earnings Momentum, and the 2026 Semiconductor Equipment Outlook (Dec. 19, 2025)
Lam Research Corporation (NASDAQ: LRCX) is back in the market spotlight on December 19, 2025, as the semiconductor equipment maker trades around the $170 level and pushes into fresh highs—helped by a cluster of Wall Street price-target increases and a broader “AI-driven capex” narrative that’s lifting the chipmaking tool supply chain. [1]
Lam is a critical supplier of wafer fabrication equipment and services—especially in deposition and etch—used across leading-edge logic, DRAM, and 3D NAND manufacturing. That position matters more as AI accelerators, high-bandwidth memory, and advanced packaging drive “more steps per wafer,” where process intensity often translates into more demand for Lam’s tool categories over time.
