Lam Research (LRCX) Needs to “Put Up Plants,” Says Jim Cramer

Core Viewpoint - Lam Research Corporation (NASDAQ:LRCX) has seen a significant increase in its stock price, rising by 192% over the past year, driven by strong market positioning in the semiconductor fabrication equipment sector [2]. Group 1: Stock Performance and Analyst Ratings - Lam Research's shares have increased by 192% in the last year [2]. - UBS has reiterated a Buy rating and raised the price target to $200 from $175 [2]. - B. Riley increased its price target to $195 from $180 while maintaining a Buy rating, citing the company's strong position in the memory market [2]. - Mizuho also raised its target to $200 from $170, based on wafer equipment estimates for 2026 [2]. Group 2: Market Insights and Future Expectations - Analysts have expressed optimism about Lam Research, with a focus on the need for increased capital expenditure, particularly in relation to the AI market [2]. - The company is recognized for its strong market position, particularly due to its exposure to the memory market [2].