15 Best Big Tech Stocks to Buy According to Analysts

13. Lam Research Corp. (NASDAQ:LRCX)

Upside Potential: 20%

Number of hedge funds: 58

Lam Research Corp. (NASDAQ:LRCX) is a leading semiconductor equipment manufacturer that provides wafer fabrication equipment and services to the semiconductor industry. The company’s innovative systems for wafer etching and deposition are essential for the advanced nodes of semiconductor technology, enabling the creation of smaller and more efficient integrated circuits.

The growing demand for high-performance computing and broader AI applications is creating more opportunities for Lam Research Corp. (NASDAQ:LRCX). The company has made significant investments in cutting-edge technologies, such as Gate-All-Around transistor architecture and advanced EUV patterning, which give it a competitive edge over other suppliers. Additionally, it is focused on reducing per-bit costs to enhance the efficiency of existing tools for memory players, thereby creating value for customers. With the ongoing growth in semiconductor demand driven by AI and data-centric applications, the company is well-positioned to capitalize on these trends.

On January 17, KeyBanc analyst upgraded the rating on Lam Research Corp. (NASDAQ:LRCX) to ‘Overweight’ from ‘Sector Weight,’ with a price target of $95. According to the analyst, the company is well-positioned to benefit from the AI-driven growth cycle, owing to advancements in memory market technology, particularly in HBM-related offerings. The company’s offerings are expected to benefit from any recovery in the semiconductor market in 2025 and the long-term demand for leading-edge advancements.