德银重申Lam Research(LRCX)买入并上调目标价至375美元,财报前股价盘中涨约3.5%

Lam Research ( LRCX ) shares increased 4% during early market action Monday as the wafer fabrication equipment supplier prepares to release its first-quarter fiscal 2027 earnings results on Wednesday. Deutsche Bank reiterated its Buy rating and increased its price target to $375 from $320 ahead of the results. "We expect a solid quarter fundamentally for LRCX, with momentum building ahead of DRAM & Foundry Logic capacity buildouts in 2027+," said Deutsche analyst Melissa Weathers in an investor note. "While we expect the co's WFE outlook to be strong, we believe this good news is already largely anticipated by investors. As a result, we expect a heightened focus on items within LRCX's control this quarter, namely GMs & share gains in new nodes. We also expect higher focus on the LRCX supply chain to support ~$300b+ in WFE by 2028, any bottlenecks/golden screws to monitor, and whether the company has additional pricing leverage in this market environment." A consensus estimate expects Lam Research to report earnings per share if $2.28 on revenue of $8.13B. During the same quarter last year, Lam reported EPS of $1.26 on revenue of $5.32B. "All told, we continue to view the fundamental environment for semicaps as avorable, with a clear line of sight to historic growth in fab capacity," Weathers noted. "However, in this market environment and given current investor sentiment, we continue to see the most favorable risk/reward at LRCX given its opportunity for share gains and best-in-class execution on margins."