Lam Research (LRCX): Citi Raises Target by $135 on a Multi-Year Chip Manufacturing Investment Boom

In the revised WFE spending model, Citi, projects a bull-case spending of astir $145 cardinal successful 2026, which volition emergence to $200 cardinal successful 2027, and apical $250 cardinal successful 2028.

Citi said it aligned its terms targets for each 3 stocks to this revised WFE exemplary and rolled them guardant based connected 2028 net power. In different words, the steadfast is progressively assured that the concern rhythm successful spot manufacturing is simply a sustained, multi-year trend.

A cardinal pillar of Citi's revised exemplary is the emergence of agentic AI, which the steadfast said is driving a structural summation successful request for NAND flash memory. The analysts pointed retired that determination is simply a increasing mismatch betwixt however overmuch representation the agentic AI systems request and however overmuch is presently available.

Lam Research Corporation (NASDAQ:LRCX) is simply a semiconductor instrumentality company. It designs, manufactures, and services wafer fabrication instrumentality utilized successful the accumulation of integrated circuits, including etch, deposition, and cleanable systems indispensable to precocious spot manufacturing.

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