Lam Research Corporation (LRCX) — closed signal from September 22, 2025
Target reached Published before the outcome was known, scored automatically when the window closed on December 21, 2025.
Predicted vs. what happened
What happened
Reached its target in 37 days.
The thesis — published September 22, 2025
Lam Research's stock has been climbing steadily, and both price action and the recent average price point to strength over the next 0-3 months. On 9/22, Morgan Stanley lifted its 2026 outlook for chip-making equipment to $128B, with memory spending helping. A 9/21 cross-licensing deal with JSR and a new packaging tool add visibility. Buying looks heated, so consider dips; the cycle and fresh analyst backing point to more upside.
Primary drivers
- Higher 2026 chip-equipment outlook makes future demand clearer
- Price and recent average price both point to a strong trend
- JSR deal and new packaging tool broaden products and visibility
- Market tone is positive, favoring top chip equipment names
How it played out
LRCX: target reached in 37 days
Lyra published LRCX at 129.88 on 2025-09-22 with 22% expected growth and a 157.89 target. The thesis pointed to a higher 2026 chip-equipment outlook, a strong price trend, the JSR deal, a new packaging tool, and a positive market tone for chip equipment names.
Inside the window, LRCX reached 173.58 on 2025-12-19, above the 157.89 target. It reached the target in 37 days. The stock ended the window at 172.27. The thesis played out, and the move went beyond the published target.
What happened during the window
On 2025-10-22, Investors.com reported that Lam Research beat fiscal first-quarter estimates and guided above views for the current quarter. The report said Lam earned adjusted earnings of 1.26 per share on sales of 5.32 billion.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
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