Lam Research (LRCX) Stock: Buy, Sell, or Hold?
LRCX - Lam Research Corp
$347.49
7.39 (2.17%)
▲
5d:
+10.24%
30d:
+20.52%
90d:
-0.77%
WAIT
LOW Confidence
Analysis Updated: Oct 2, 2026 12:00 AM ET
Earnings: Oct 21, 2026
15d
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Interactive Price Chart (1 Month)
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Bottom Line:
📊 MIXED SIGNALS: LRCX shows conflicting indicators. Wait for confirmation before entering.
📊 MIXED SIGNALS: LRCX shows conflicting indicators. Wait for confirmation before entering.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$398.25
Based on 14.5% avg growth
INTRINSIC VALUE TODAY
$247.28
Trading above historical range
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 25.0x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: LRCX is currently trading at $347.49, which is considered extended relative to its 30-day fair value range of $285.61 to $324.00. From a valuation perspective, the stock is trading at a premium (Forward PE: 42.5) compared to its historical average (37.6). At these levels, the market is pricing in 4.2% annual earnings growth. This growth rate appears achievable given the company's track record, suggesting the valuation is rational.
Technical Outlook: Technically, LRCX is in a strong uptrend. The price is approaching resistance at $352.56. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: LRCX scores 15/100 on our bottoming-setup gauge. Note this measures entry quality, not trend direction — a low score can mean the chart is extended after a strong run (don't chase) or still falling without stabilization; better entries typically come after a pullback toward the 20-day average. Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, LRCX is in a strong uptrend. The price is approaching resistance at $352.56. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: LRCX scores 15/100 on our bottoming-setup gauge. Note this measures entry quality, not trend direction — a low score can mean the chart is extended after a strong run (don't chase) or still falling without stabilization; better entries typically come after a pullback toward the 20-day average. Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
EXTENDED
Historical Trading Range
$285.61 -
$324.00
Company Quality Score
46/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
20.0%
Protect Your Profits
Holding LRCX? Use our AI-powered strategies to protect your downside while keeping your long-term position.
View Profit Protection PlanAll Signals
- BEARISH: Price extended above range (+7.3% above its trading range)
- BEARISH: Weak technical setup (15/100)
- BULLISH: High volume confirmation
- NEUTRAL: Near Wall St target ($375.06)
- NEUTRAL: Market pricing in 4.2% annual earnings growth - fairly valued
- WARNING: Composite score 46/100 in the bottom quintile — this cohort historically lags the market
Trading Range Analysis
30-Day Trading Range
$285.61 -
$324.00
Current vs Trading Range
EXTENDED
Support & Resistance Levels
Support Level
$290.04
Resistance Level
$352.56
Current Trend
Strong Uptrend
Technical data as of
Oct 2, 2026
Fundamental Context
Forward P/E (Next Year Est.)
42.48
Wall Street Target
$375.06
(+7.9%)
Revenue Growth (YoY)
30.0%
Earnings Growth (YoY)
34.8%
Profit Margin
31.3%
Valuation Premium vs History
+4.2% premium
PE vs Historical
42.5 vs 37.6
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+4.2%
(market-implied from PE analysis)
1-Year Target
$362.08
(+4%)
2-Year Target
$377.29
(+9%)
3-Year Target
$393.14
(+13%)
3-Yr Target (if PE normalizes)
(PE: 42→38)
PE COMPRESSION
$347.99
(+0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 42.5, Growth: 43.7%)
$1030.09
(+196%)
Base:
(SPY PE: 20.4, Growth: 43.7%)
$494.70
(+42%)
Bear:
(PE: 17.3, Growth: 43.7%)
$420.49
(+21%)
📈
Valuation based on Current Earnings
Forward PE: 33.67 | Forward EPS (Implied): $10.32
Bull Case
$419.59
(+21%)
Analyst growth 15.0%, PE expands to 35.4
Base Case
$347.49
(0%)
Market implied 0.0%, PE stable at 33.7
Bear Case
$265.83
(-24%)
Severe decline -15.0%, PE contracts to 30.3
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: October 05, 2026 1:54 AM ET
Data refreshes hourly during market hours. Next update: 2:54 AM
Data refreshes hourly during market hours. Next update: 2:54 AM
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Technical Signals Check
Is LRCX showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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