Evercore ISI Group Cuts Lam Research (LRCX) Price Target to $315
Key Points
- Evercore ISI Group maintained an Outperform rating on Lam Research Corporation on October 20, 2026, moving its price target down to $315 from $355.
- Evercore ISI Group's $315 price target implies 18.40% upside from Lam Research Corporation's ($LRCX) current $266.05 share price.
- Lam Research shares traded at $264.52 on the day of the rating change and recently changed hands around $266.05.
- The chip gear maker posts annual revenue of $23.23 billion alongside a trailing P/E ratio of 45.82.
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Evercore ISI Group reiterated its Outperform rating on Lam Research Corporation on October 20, 2026, while adjusting its price target down to $315 from $355.
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Evercore ISI's Call on Lam Research Corporation
In its research note published on October 20, 2026, the firm kept its Outperform rating on the semiconductor equipment maker. Alongside that decision, the analyst team lowered its twelve-month price target for the stock to $315 from its previous level of $355.
Other Institutional Activity in Lam Research Corporation
Annex Advisory Services grew its holdings by 112,156 shares in a report filed on October 16, 2026, ending with 113,371 shares valued at about $37,243,490.
Lam Research Corporation Stock Up 0.8%
Lam Research Corporation closed at $264.52 on October 20, 2026. The shares recently traded around $266.05, sitting about 0.6% above that event-day close. The stock trades below its 50-day moving average of $308.32 and its 200-day moving average of $282.46. It sits 39.3% below its 52-week high of $438.50 and 96.3% above its 52-week low of $135.50.
$LRCX price target
Lam Research Corporation daily closes and this analyst's $315 target. Not advice.
Recent Earnings
The company generated $23.23 billion in trailing-twelve-month revenue with earnings of $5.94 per share. Lam Research posted a net profit margin of 31.3% and a return on equity of 65.1%. The next earnings update is scheduled for October 21, 2026.
Dividend
Lam Research pays an annual dividend rate of $1.32 per share, which equates to a dividend yield of 0.48%. The payout ratio stands at 18.1%.
Insider Buying and Selling at Lam Research Corporation
Four insider transactions occurred ahead of the update, including sales by CEO Timothy M. Archer and other corporate officers.
Analysts Set New Price Targets
Several firms issued updates prior to Evercore's note, including Mizuho, UBS, B. Riley Securities, and Morgan Stanley. The stock holds a consensus strong buy recommendation across 31 analyst opinions with a mean price target of $375.90.
About Lam Research Corporation
Headquartered in Fremont, California, Lam Research Corporation builds manufacturing and processing gear used to fabricate microchips and integrated circuits worldwide. The company employs 23,300 people to support semiconductor factories across the globe.
Bottom Line
Investors will watch the upcoming earnings report on October 21, 2026, for fresh signals on equipment demand. Wall Street continues to monitor how semiconductor capital spending shapes near-term targets.
Related Filing Alerts
Source: Evercore ISI Group's rating change on $LRCX (Oct 20, 2026). Written by software, not financial advice. How we make alerts