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Advanced Chip Manufacturing Will Expand Global Semiconductor Markets

Published
06 Aug 24
Updated
23 Sep 25
AnalystConsensusTarget's Fair Value
US$110.53
16.1% overvalued intrinsic discount
23 Sep
US$128.33
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1Y
55.2%
7D
1.1%

Author's Valuation

US$110.53

16.1% overvalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on23 Sep 25
Fair value Increased 1.31%

Lam Research's price target was raised to $110.53 as analysts cite strengthening demand for AI-driven wafer fab equipment, margin outperformance, and robust China outlook, partly offset by valuation concerns. Analyst Commentary Bullish analysts highlight strengthening demand for wafer fab equipment (WFE) driven by artificial intelligence inflection, increased NAND and DRAM high bandwidth memory spending, and accelerating AI infrastructure investments benefitting Lam Research's product exposure.

Shared on04 Aug 25
Fair value Increased 8.61%

The consensus Analyst Price Target for Lam Research has increased notably, primarily driven by a slight improvement in the company's forward valuation as the Future P/E ratio declined, raising the fair value estimate from $100.45 to $108.81. What's in the News Lam Research expects September quarter revenue of $5.20 billion +/- $300 million and net income per diluted share of $1.20 +/- $0.10.

Shared on07 May 25
Fair value Increased 11%

Shared on30 Apr 25
Fair value Decreased 9.19%

AnalystConsensusTarget has decreased revenue growth from 9.3% to 8.3%.

Shared on23 Apr 25
Fair value Decreased 0.11%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on16 Apr 25
Fair value Decreased 1.92%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on02 Apr 25
Fair value Increased 6.28%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on26 Mar 25
Fair value Decreased 0.021%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on19 Mar 25
Fair value Increased 11%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on10 Mar 25
Fair value Decreased 4.43%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.