Lam Research stock falls 3.82 percent as target rises to USD 385

Published on 10/06/2026 at 18:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lam Research stock traded at USD 332.60 on October 6, 2026, down 3.82 percent. Morgan Stanley raised its target to USD 385 before October results.

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Lam Research stock (ISIN US5128073062) was trading at USD 332.60 on Nasdaq on October 6, 2026 at 12:07 p.m. ET, down 3.82 percent from the prior close. The move came after Morgan Stanley raised its price target from USD 367 to USD 385 on October 5, 2026, while retaining an Overweight rating, according to Markets Insider.

Morgan Stanley raises its target

Morgan Stanley analyst Shane Brett cited greater confidence in Lam Research's logic share gains and lifted the target to USD 385 from USD 367. The firm also forecast system shipment growth of 50 percent for calendar year 2026 and 47 percent for calendar year 2027, according to Markets Insider.

The target stands above the October 6 trading price, but the share price was moving in the opposite direction during the session. That contrast puts the upcoming quarterly report in a more important position for the valuation narrative.

June quarter beat consensus

Lam Research reported USD 6.72 billion in quarterly revenue and USD 1.82 in earnings per share, compared with consensus of USD 6.66 billion and USD 1.69, respectively. Revenue increased 30.0 percent year over year, while earnings per share exceeded consensus by USD 0.13, according to MarketBeat.

The company also set quarterly guidance for earnings per share of USD 2.00 to USD 2.30. This range gives investors a concrete benchmark for the results scheduled for October 21, 2026.

Consensus target stays above the price

MarketBeat's October 3, 2026 overview placed Lam Research at a Moderate Buy consensus from 32 brokerages. The average 12-month target was USD 364.01, which means the October 6 price stood 8.6 percent below the consensus target, according to MarketBeat.

Lam Research's market capitalization was USD 415.9 billion on October 6, 2026. The 52-week range was USD 131.02 to USD 438.50, leaving the trading price 24.1 percent below the yearly high and keeping earnings execution central to the next valuation test.

Lam Research stock heads toward October results

Lam Research is scheduled to report its next quarterly results on October 21, 2026, according to Simply Wall St. Until then, the USD 2.00 to USD 2.30 earnings-per-share guide and the USD 385 Morgan Stanley target define the two clearest benchmarks around Lam Research stock.