Cantor Fitzgerald raised its price target for Lam Research to $500 from $425. The firm maintained an Overweight rating on the shares.
Analysts identified Lam’s increasing market share in the semiconductor capital equipment sector as a primary driver for the upgrade. Growing confidence in the long-term outlook for the wafer fabrication equipment (WFE) market also bolstered sentiment.
A durable, AI-driven semiconductor cycle is expected to support extended growth in equipment spending through 2030. Strong demand for AI infrastructure continues to underpin the sector's positive trajectory.