This semiconductor equipment stock’s momentum will continue, Deutsche Bank says

Lam Research has ripped higher this year, and Deutsche Bank thinks further gains are on the horizon. The bank upgraded the company, which makes equipment necessary for the fabrication of semiconductors, to buy from hold. Deutsche also raised its price target to $150 from $100, signaling upside of nearly 17% from Friday's close. Lam Research has already soared more than 77% in 2025, but analyst Melissa Weathers thinks the stock can build on its momentum as the outlook for wafer fabrication equipment improves. LRCX YTD mountain LRCX year to date "We have updated our WFE model to reflect positive dynamics impacting the semicap space over the last 90 days," Weathers said in a note to clients. "The primary drivers of our improved outlook are more favorable memory supply-demand conditions, momen