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Analysts Cite Secular Trends For Lam Research Corporation (LRCX)’s Development
Argus Research has increased its price target for Lam Research Corporation (LRCX) to $280 from $175, maintaining a Buy rating, following strong Q2 results and growth in 2025. The firm believes LRCX is well-positioned for long-term development due to secular trends such as generative AI, cloud data centers, and IoT. Additionally, Lam Research Corporation announced a new multi-year agreement with CEA-Leti to advance next-generation Specialty Technology devices, focusing on innovative materials and fabrication techniques for AI and high-performance computing.