Morgan Stanley Hikes Lam Research (LRCX) PT to $158, Keeps Equal Weight on Increased 2027 Wafer Fab Equipment Forecast

Lam Research Corporation (NASDAQ:LRCX) is one of the most profitable tech stocks to buy. On December 2, Morgan Stanley analyst Shane Brett raised the firm’s price target on Lam Research to $158 from$ 137 with an Equal Weight rating on the shares. This decision comes as the firm has largely maintained its 2026 Wafer Fab Equipment/WFE forecast at $129 billion, which represents 11% year-over-year growth. Concurrently, it increased its 2027 WFE forecast to$ 145 billion, representing a 13% increase. In FQ1 202 ...