Lam Research Corporation (NASDAQ:LRCX) is one of the best oversold growth stocks to invest in now. Morgan Stanley upgraded Lam Research Corporation (NASDAQ:LRCX) to Overweight from Equal Weight on May 18, adjusting the price target on the stock to $331 from $293. The firm told investors in a research note that the magnitude of Morgan Stanley’s DRAM wafer fab equipment revisions has narrowed, and the firm is now more positive on NAND wafer fab equipment revisions from here. It also cited confidence in the company’s 2027 share gains for the upgrade. The firm coupled the upgrade with a downgrade of Applied Materials (AMAT).
In a separate development, RBC Capital lifted the price target on Lam Research Corporation (NASDAQ:LRCX) to $310 from $290 on April 23, maintaining an Outperform rating on the shares and telling investors in a research note that the company delivered a solid beat and raise. This was driven primarily by market share gains and GenAI demand, while DRAM memory was particularly strong in the quarter, and the NAND outlook is also improving.
Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, markets, refurbishes, and provides semiconductor processing equipment used in the fabrication of integrated circuits. The company’s operations are divided into the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan.
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