Movement Alert|Lam Research Rises 5.98% in Pre-Market Trading, BofA Raises Target Price to $480 as Semiconductor Equipment Sector Rebounds

Market Focus
Jun 25

On June 25, Lam Research rose 5.98% in pre-market trading, trading at $401.3 USD/share, with turnover of $2.9581 million, extending a rebound following a sharp selloff earlier in the week.

On the news front, Bank of America Securities raised its target price on Lam Research from $330 to $480, marking the latest in a wave of bullish analyst upgrades. Wells Fargo previously lifted its target from $320 to $450 while maintaining an Overweight rating, and Citi also raised its target to $450, updating its global wafer fabrication equipment (WFE) optimistic scenario forecast to $250 billion by 2028. Citi highlighted that DRAM supply tightness is driving structural NAND demand growth, potentially extending the industry upcycle further.

Within the Semiconductor Equipment sector, the overall sector rallied broadly. Among individual stocks, Applied Materials up 7.13%, ASML Holding up 5.28%, KLA-Tencor up 5.62%, Teradyne up 4.32%, AXT Inc up 7.14%, reflecting significant sector-wide linkage effects as the group recovers from a prior session pullback.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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