On June 30, Lam Research rose 3.06% in pre-market trading to $422.46/share, with turnover of $14.41 million, extending its post-selloff recovery trend.

On the news front, Susquehanna raised its price target on Lam Research from $385 to $475, maintaining a positive rating. This follows a wave of upgrades from major investment banks: BofA Securities raised its target from $330 to $480, Wells Fargo lifted its target to $450, and Rothschild & Co adjusted to $420 with a Buy rating. Analysts broadly cite DRAM supply tightness driving structural NAND demand growth, suggesting the industry upcycle may extend further. The current share price remains well below the consensus target among upgrading banks, supporting continued valuation recovery.

Simultaneously, the semiconductor equipment sector rallied broadly, with Applied Materials up 3.65%, KLA-Tencor up 1.96%, ASML up 1.39%, Teradyne up 1.62%, and MKS Instruments up 2.40%, reinforcing upward momentum through sector-wide resonance.

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