Lam Research Corporation is trading 6.3% up today at $6.37, with the rally fueled by continued investor optimism around AI-related chip spending and a series of recent analyst price target hikes.
- On June 11, Barclays raised its price target on the stock, which follows other recent upgrades from firms like UBS and Cantor Fitzgerald.
- The bullish sentiment is also supported by the company's increased forecast for 2026 wafer fabrication equipment spending, which continues to drive the stock.
- This positive momentum builds on the company's record third-quarter results, which were originally reported in April.