Lam Research Stock Price Rises 3.2%

Analysts Raise Price Targets as Semiconductor Demand Remains Strong

Feb. 22, 2026 at 3:18pm

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Shares of Lam Research Corporation (NASDAQ:LRCX), a leading supplier of semiconductor manufacturing equipment, rose 3.2% during mid-day trading on Friday. The stock reached a high of $245.76 before closing at $244.92 as the company continues to benefit from strong demand in the semiconductor industry.

Why it matters

Lam Research is a key supplier to major semiconductor manufacturers, so its stock performance is seen as an indicator of the overall health of the semiconductor market. The rise in Lam's stock price and positive analyst commentary suggest that demand for semiconductor equipment remains robust, which is a positive sign for the broader technology sector.

The details

Several analysts have recently increased their price targets for Lam Research, with Citigroup raising its target from $265 to $300 and JPMorgan Chase boosting its target from $165 to $300. The analysts cited the company's strong financial performance and positive outlook for the semiconductor industry. Lam Research reported a 22.1% year-over-year increase in revenue for the most recent quarter.

  • Lam Research's stock price reached a high of $245.76 during mid-day trading on Friday, February 22, 2026.
  • The company's stock closed at $244.92 on February 22, 2026, up 3.2% for the day.

The players

Lam Research Corporation

A global supplier of wafer fabrication equipment and services to the semiconductor industry, headquartered in Fremont, California.

Citigroup

A major financial services company that raised its price target for Lam Research from $265 to $300.

JPMorgan Chase & Co.

A leading investment bank that increased its price target for Lam Research from $165 to $300.

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