Citigroup Rates Lam Research (LRCX) buy, $450 Price Target

Citigroup has reaffirmed its buy rating for Lam Research, raising the price target to $450, a 21.06% upside from the current price.

By TradeTexts Research Desk · Published Jun 17, 2026, 3:00 PM EDT · Updated Jun 24, 2026, 9:01 AM EDT

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Citigroup rated Lam Research Corporation ($LRCX) "buy" with a $450 price target on June 17, 2026.

Since the rating, $LRCX is up 0.2% after 1 week, down 16.3% after 1 month and down 29.4% to date (from the $373.78 close on Jun 17, 2026).

LRCX Lam Research Corporation

$263.94 +43.05% year to date

Daily close · Oct 16, 2026

Key Points

On June 17, 2026, Citigroup reiterated its buy rating on Lam Research Corporation (LRCX) with a price target of $450, up from the current price of $371.73.
Citigroup's $450 price target implies 21.06% upside from Lam Research Corporation's ($LRCX) current $371.73 share price.
Lam Research has a market capitalization of about $347.2 billion and a P/E ratio of 52.25, reflecting strong demand in the semiconductor industry.
The stock's next earnings report is scheduled for October 21, 2026, which investors will be watching closely.

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Citigroup's Buy Rating on Lam Research

On June 17, 2026, Citigroup reiterated its buy rating on Lam Research Corporation (LRCX) with a price target of $450. The stock was trading at $371.73 at the time of the announcement. This reaffirms Citigroup's positive outlook on the company.

Comparisons with Other Analysts

Citigroup's latest call aligns with other analysts' views on Lam Research. Morgan Stanley maintains an Overweight rating with a target of $385, while B. Riley Securities also keeps a Buy rating but has increased its target to $390. UBS has a Buy rating with a target of $425, and Mizuho rates it as Outperform with a target of $365. These ratings reflect a consensus among analysts that the semiconductor equipment market remains strong.

How Lam Research Corporation Stock Has Traded

Lam Research's stock has seen significant movement, with a 52-week range between $135.50 and $438.50. The current price of $371.73 places it well above its 50-day moving average of $309.94, indicating positive momentum in the stock's performance.

12-month forecast

$LRCX price target

Lam Research Corporation daily closes and this analyst's $450 target. Not advice.

What Lam Research Corporation Does

Lam Research Corporation, based in Fremont, California, designs and manufactures equipment used in semiconductor fabrication. The company has a diverse range of products that support various stages of semiconductor production, which is critical in today's technology-driven economy.

What to Watch at Lam Research Corporation

Investors will be looking forward to Lam Research's next earnings report on October 21, 2026. As a reminder, Citigroup's rating reflects its views as of June 17, 2026, and may not represent any current changes in the company's position.