B. Riley Raises its Price Target on Lam Research (LRCX)

Jeff Lewis

Mon, May 18, 2026 at 11:11 AM EDT 2 min read

Lam Research Corporation (NASDAQ:LRCX) is one of the

10 Fastest Growing S&P 500 Stocks to Buy Now.

On May 12, 2026, B. Riley raised the firm’s price target on Lam Research Corporation (NASDAQ:LRCX) to $385 from $350 while maintaining a Buy rating on the shares. The firm said AI-related investment continues accelerating faster than expected, with growing demand from hyperscalers and neo-cloud providers driving significantly higher capital expenditure expectations for 2026 through 2028. B. Riley added that evolving AI workloads and increasing chip intensity from major model providers are tightening semiconductor supply-demand dynamics and supporting stronger earnings revisions across the sector.

Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.

On May 4, 2026, Seaport Research analyst Jay Goldberg initiated coverage of Lam Research Corporation (NASDAQ:LRCX) with a Buy rating and $300 price target as part of a broader launch covering the wafer fabrication equipment industry. The firm said the sector is benefiting from one of the strongest cycles in its history, driven by secular demand for compute infrastructure tied to AI and the growing technological complexity involved in manufacturing advanced semiconductors. Seaport added that Lam Research is particularly well-positioned to benefit from strength in the memory segment.

Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in integrated circuit fabrication globally.

While we acknowledge the potential of LRCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.