Needham Raises Lam Research EPS Estimates After Company Boosts Chip Equipment Market Outlook
Needham maintains a Buy rating and $390 price forecast on Lam Research Corporation (NASDAQ: LRCX) following its second calendar quarter of 2026 earnings report and raised Calendar Year 2026 outlook.
A stock expert looked at Lam Research's earnings and thinks the company will make more money than they thought before, because the chip-equipment business is doing better. When experts raise their money predictions, it usually means they're more confident the company is on solid ground.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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