Morgan Stanley raised target for Lam Research stock to USD 385.00

Published on 10/13/2026 at 11:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 6.72 billion in the June quarter, up 30.00 percent year over year. Lam Research stock costs EUR 273.30 on October 13, 2026.

Key points in brief

Morgan Stanley raised its Lam Research price target from USD 367.00 to USD 385.00 on October 5, 2026.
Lam Research reported USD 6.72 billion in revenue for the fourth quarter of fiscal 2026, up 30.00 percent year over year.
The stock was trading at EUR 273.30 at Lang & Schwarz on October 13, 2026 at 11:40 a.m. CEST.
Lam Research is scheduled to report first-quarter fiscal 2027 results on October 21, 2026.

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Lam Research (ISIN US5128073062) was trading at EUR 273.30 at Lang & Schwarz on October 13, 2026 at 11:40 a.m. CEST. Morgan Stanley raised its Lam Research price target from USD 367.00 to USD 385.00 in a note dated October 5, 2026, as reported by Yahoo Finance.

Three milestones since July

On July 29, 2026, Lam Research reported adjusted earnings per share of USD 1.82 and revenue of USD 6.72 billion for the fourth quarter of fiscal 2026, according to MarketBeat. Revenue increased 30.00 percent from the same quarter a year earlier, while earnings per share exceeded the USD 1.69 consensus by USD 0.13.

On September 9, 2026, Berenberg set a USD 420.00 target for Lam Research, according to MarketBeat. Morgan Stanley then moved its target from USD 367.00 to USD 385.00 on October 5, 2026, making the latest dated target change the central analyst reference.

What does the USD 385 target mean?

The target sits in a market narrative shaped by Lam Research's latest operating step-up. The fourth-quarter revenue figure of USD 6.72 billion was higher than the USD 6.66 billion consensus, while adjusted earnings per share of USD 1.82 topped the USD 1.69 estimate, according to MarketBeat. For investors, the key test is whether the next report supports the jump in expectations rather than merely repeating the June-quarter comparison.

Next dates carry the risk

Lam Research is scheduled to pay a quarterly dividend of USD 0.33 per share on October 14, 2026, according to MarketBeat. The company is scheduled to report first-quarter fiscal 2027 results on October 21, 2026, with the next quarter's consensus revenue at USD 8.13 billion and consensus earnings per share at USD 2.18, according to TradingView.

Lam Research stock stays data-led

The combination of a higher analyst target, a 30.00 percent year-over-year revenue increase and an imminent earnings date leaves the next report as the clearest test of the current valuation narrative. The stock was trading at EUR 273.30 at Lang & Schwarz on October 13, 2026 at 11:40 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Lam Research stock.