Lam Research (LRCX) Leads Etch Market as AI-Driven Memory Supercycle Fuels Robust WFE Spending Outlook Through 2026

Group 1 - Lam Research Corporation (NASDAQ:LRCX) is considered one of the best stocks for the next decade, with multiple analysts raising their price targets significantly [1][2][3][4] - UBS raised its price target on Lam Research to $200 from $175, maintaining a Buy rating [1] - B. Riley increased its price target to $195 from $180, emphasizing Lam Research's strong position to benefit from the surge in memory WFE spending due to its exposure to the memory sector and leadership in etch technology [2] - Mizuho analyst raised the price target to $200 from $170, expressing a bullish outlook for the WFE market and anticipating growth through 2026 [3] - BofA also raised its price target to $195 from $165, viewing the current period as part of an 8-to-10-year transition to AI-optimized hardware [4] Group 2 - Lam Research designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in integrated circuit fabrication across various regions including the US, China, Korea, Taiwan, Japan, Southeast Asia, and Europe [5]