Deutsche Bank has upgraded Lam Research Corp (LRCX) to Buy from Hold as of September 28, 2025. The stock is currently priced at $140.53.
This upgrade signals a more optimistic outlook on Lam Research’s business prospects, potentially reflecting improved fundamentals or enhanced confidence in the company's strategic direction.
Lam Research operates in the semiconductor industry, focusing on the design and manufacture of semiconductor processing equipment used in integrated circuit fabrication. The company, headquartered in Fremont, California, employs approximately 19,000 full-time staff. Its diverse product offerings include families such as ALTUS, SABRE, and SPEED, which cater to a range of electronic products, from mobile phones to automotive devices.
As of November 20, 2025, Lam Research boasts a market capitalization of $186.9 billion, a P/E ratio of 32.17, and an EPS of 4.54. The company's dividend yield stands at 69.9%. Upcoming earnings reports are scheduled for July 28, 2026, with an estimated EPS of $1.25 and revenue of $5.5 billion, and for April 21, 2026, with an estimated EPS of $1.20 and revenue of $5.4 billion.
The current analyst consensus indicates a Buy rating, with 10 Strong Buy, 18 Buy, and 10 Hold ratings among 38 analysts. Recent analyst actions include Deutsche Bank’s upgrade and other ratings adjustments from firms like Morgan Stanley and Keybanc.
Analyst ratings can serve as a valuable reference for investors but should be considered alongside company fundamentals and market conditions. These ratings can change as new information becomes available, reflecting varying opinions within the analyst community.