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Lam Research stock jumps on strong AI chip demand and raised price target.

Analyst Insights
09 Sep 2026
Rayan Ahmad
View Source
Bullish
Lam Research stock jumps on strong AI chip demand and raised price target.

Lam Research's stock surged following a price target increase by Berenberg Bank, signaling a 31% potential gain. The company reported record Q4 2026 revenues of $6.72 billion and a 38.4% operating margin, driven by high demand for AI chips and high-bandwidth memory. Growth is expected to continue due to rising AI data center spending and a historically strong seasonal trend. This positions Lam Research ahead of industry peers and the broader market.

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