Deutsche Bank Upgrades Lam Research to Buy, Raises Price Target to $150

Overview

• Deutsche Bank moved Lam Research to Buy from Hold on September 29 and increased its 12‑month target to $150 from $100.
• The bank expects the company to outperform peers over the next year, citing cyclical recovery and secular drivers tied to advanced chip production.
• Analysts point to Lam’s focus on memory and leading‑edge logic equipment as key positioning for strengthening semiconductor‑equipment demand.
• Shares were reported up 77% year to date and 31% over the past three months, reflecting strong recent momentum.
• Lam, a supplier of semiconductor fabrication tools used to make integrated circuits, features in AI‑themed stock coverage, with some articles including promotional pitches for alternative picks.