Lam Research Surges 5% on Analyst Upgrade

Semiconductor equipment maker Lam Research sees stock price jump after Susquehanna raises price target.

Apr. 9, 2026 at 9:11pm

Got story updates? Submit your updates here. ›

An extreme close-up of the complex, metallic components and gears of a semiconductor manufacturing machine, conveying the advanced industrial technology behind Lam Research's products.Lam Research's semiconductor fabrication equipment plays a vital role in powering the AI revolution, as seen in this dramatic industrial close-up.Fremont Today

Shares of Lam Research Corporation (NASDAQ:LRCX) rose 5% on Thursday after investment firm Susquehanna upgraded its price target on the stock from $325 to $350, maintaining a positive rating. The stock traded as high as $259, up from a previous close of $246.49, as the company's recent quarterly results and management commentary on AI-driven growth continue to buoy investor confidence.

Why it matters

Lam Research is a leading supplier of semiconductor manufacturing equipment, making it a bellwether for the broader chip industry. The analyst upgrade and stock price surge indicate continued optimism around Lam's business prospects, particularly its exposure to the growing artificial intelligence market, which is driving demand for advanced chip fabrication tools.

The details

In its upgrade, Susquehanna cited Lam's fiscal Q2 results, which beat expectations on both revenue and earnings per share. The company also provided Q3 EPS guidance in the range of $1.25 to $1.45, further supporting the bull case for Lam's margins and revenue strength. Additionally, management reiterated the company's positioning for AI-driven growth at a recent industry conference, reinforcing investor confidence in Lam's technological leadership.

  • Lam Research's fiscal Q2 results were reported on January 29, 2026.
  • Susquehanna raised its price target on April 9, 2026.

The players

Lam Research Corporation

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

Susquehanna

An investment firm that covers Lam Research and upgraded the stock's price target.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.