Wall Street Analysts Raise Price Targets for Applied Materials and Lam Research

Several analyst firms raise their price targets for Applied Materials and Lam Research, citing various reasons. Analysts including Morgan Stanley and Goldman Sachs have increased their targets for Applied Materials, and Morgan Stanley and others have raised their targets for Lam Research.

Wall Street raised price targets on two of the largest US semiconductor-equipment makers Monday. Morgan Stanley lifted its target on Applied Materials AMAT to $647 from $502, and on Lam Research LRCX to $404 from $331; Goldman Sachs separately raised its Lam Research target to $380 from $290.

The upgrades track the broader AI-driven memory and logic capex cycle: chipmakers are ramping spending on leading-edge and high-bandwidth-memory production equipment to keep pace with AI data-center demand, and Applied Materials and Lam Research are two of the primary beneficiaries of that spending as suppliers of deposition, etch, and other fabrication tools.

The moves add to a string of semiconductor-equipment target hikes this year as analysts continue to raise estimates for the sector. As with any analyst price target, these reflect individual firms' models and assumptions rather than a guarantee of future stock performance.

Wall Street Analysts Raise Price Targets for Applied Materials and Lam Research

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