Lam Research sees stock gains amid higher price target and Micron investment plans

Lam Research has seen positive momentum in its stock following a price target increase from B. Riley Financial and significant capital expenditure announcements from Micron Technology. B. Riley Financial raised its price target for Lam Research from $350.00 to $390.00, maintaining a buy recommendation. This adjustment follows a strong quarter where the company exceeded earnings expectations, reporting earnings per share of $1.82 against a consensus of $1.69.

Additionally, Lam Research shares rose as Micron Technology disclosed plans for $27.37 billion in net capital expenditures for fiscal 2026. Micron's commitment to increasing investment in manufacturing capacity and technology development serves as a positive signal for Lam Research, a major supplier of wafer-fabrication equipment used in semiconductor manufacturing. Lam Research specializes in critical processes such as deposition, etching, and wafer cleaning, which are essential for the production of DRAM and NAND flash memory.