Key Highlights

● Lam Research shares fell 4.87% to close at $263.94 on October 16.

● The consensus 12-month price target is $375.81, implying about 42.4% upside.

● Analysts are split 29 Buy, 6 Hold, and 0 Sell on the stock.

● Targets range from $290 to $500 across 35 analysts.

Lam Research Corporation (NASDAQ:LRCX) closed at $263.94 on Friday October 16, 2026. The consensus analyst price target is $375.81, which implies upside of about 42.4% from that close. Lam Research is a constituent of the S&P 500. The shares fell 4.87% on Friday as chip-equipment stocks came under pressure on concerns about AI spending, with Barron's noting the group had been heading for a losing streak, and the company reports earnings on 21 October.

What Is the Latest Analyst Price Target?

According to market data, 35 analysts cover the stock. The mean target is $375.81, the median is $385.00, the highest is $500.00 and the lowest is $290.00. The consensus rating is Strong Buy. The analyst data is dated October 13, 2026, and the price is the 16 October close, so the two may not be perfectly aligned.

What Are Analysts Saying?

The rating split is 29 Buy (25 Strong Buy, 4 Buy), 6 Hold, 0 Sell. Recent actions include UBS maintaining Buy with a $425 target (13 October), DBS at $416 (8 October), Morgan Stanley raising its target from $367 to $385 (5 October), B. Riley from $350 to $390 (1 October), and Bernstein reiterating Buy at $385 (22 September).

What Could Help the Stock Reach the Price Target?

Lam reported fiscal 2026 revenue of $23.23 billion, up 26%, and net income of $7.27 billion, up 35.6%. Every target is above the current price, including the lowest at $290. If AI-related chip investment continues, equipment demand could support the consensus view.

What Could Prevent the Stock Reaching the Target?

Chip-equipment shares are cyclical and sensitive to capital-spending sentiment, and the latest sell-off shows how quickly it can change. Targets are forecasts, and the analyst data was last updated on 13 October, before the most recent price decline.

What Should Investors Watch Next?

The key event is the September-quarter results on October 21, 2026. Investors may wish to follow guidance, China exposure, order commentary and any target revisions afterwards.

A Gap Built on Momentum

The consensus target suggests upside of about 42.4% from the latest close, but it is a forecast, and the stock could fall short of it.