Lam Research Corporation (NASDAQ: LRCX) has seen its price target raised to $190 from $175 by Citi analyst Atif Malik, maintaining a “Buy” rating. The firm is optimistic about the wafer fab equipment sector due to increasing AI investments. Lam Research Corporation predicts over $5 billion in revenue for the quarter ending December and beyond.

With a 3% revenue increase to $5.32 billion in the September 2025 quarter, Lam Research Corporation is demonstrating strong company-wide execution. The growth is driven by investments in the Foundry market segment and customer support-related revenue. The company expects to maintain revenue growth due to its products and services portfolio supporting semiconductor manufacturing complexity.

Lam Research Corporation anticipates closing calendar 2025 with three consecutive quarters of revenue exceeding $5 billion. The company’s President and CEO highlights the importance of innovations in addressing AI-driven semiconductor manufacturing inflections. With a growing product portfolio, Lam Research is positioned for sustained growth.

While Lam Research Corporation shows potential as an investment, other AI stocks may offer greater upside potential with less downside risk. Investors seeking undervalued AI stocks can explore opportunities that benefit from current market trends. The company continues to innovate in the semiconductor manufacturing industry, positioning itself for future growth and success.

Read more at Yahoo Finance: Citi Raises PT on Lam Research (LRCX) Stock