10 AI News and Ratings Investors Should Take a Look At

3. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 58

Lam Research Corporation (NASDAQ:LRCX) designs and manufactures semiconductor processing equipment for integrated circuit fabrication, offering a range of systems for deposition, etching, cleaning, and wafer applications globally.

On January 30, Cantor Fitzgerald upgraded Lam Research (NASDAQ:LRCX) to Overweight from Neutral, raising its price target to $100 from $95. The firm highlighted strong recent performance, including an earnings beat and expectations for wafer fabrication equipment growth of about 5% in the calendar year 2025. Lam is expected to outgrow wafer fabrication equipment with a notable uptick in NAND, Gate-All-Around/Advanced Packaging revenue growth, and strong leverage to Taiwan Semiconductor Manufacturing Company throughout 2025.

Cantor Fitzgerald has revised its earnings per share estimate to $3.85 for the CY 2025, above consensus, and anticipates a further acceleration in earnings per share to $4.65+ in the CY 2026. With the stock trading at approximately 20 times CY 2025 earnings per share, the firm views the risk/reward as favorable as it mentioned potential upside and a solid catalyst pipeline, including an Analyst Day in three weeks.