Lam Research (LRCX, Semiconductor Materials & Equipment) Stock Valuation & Fair Value Significantly overvalued
Lam Research (LRCX, Semiconductor Materials & Equipment) trades at a blended P/E of 51.5, about 200% above its historical normal valuation, with a forward growth estimate of 29.3% and a PEG of 1.76. Analysts' one-year estimates have been hit 27% of the time. Priced at its historical normal P/E of 17.2 on the same blended earnings, the 2026-10-02 close of $347.49 corresponds to about $116 a share. This is a valuation reference, not a price target.
- Price $320.59 at the 2026-10-08 close, 3.5% above the 20-day average ($309.70) and 3.4% above the 50-day ($310.02).
- RSI (14) at 51.9.
- 52-week range $130.77 to $432.87: the price is 25.9% below the high and 145.2% above the low.
- At its last earnings report the options market priced a 9.5% move.
The Street vs SeerForecast
Wall Street's mean price target for LRCX is $375.06 across 31 analysts, 17.0% above the current price. The average analyst rating is Strong Buy. Our SeerForecast read of the same stock, formed without analyst targets: significantly overvalued. When the two disagree, start your digging there.
Valuation flags
- Overvalued by 200%
Verdict history
tickerseer's rating has been significantly overvalued since 2026-06-03.
Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.
Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.
Show all 37 weeks
Earnings moves: LRCX moved more than the options market implied in 1 of 1 recent tracked reports.
Frequently asked questions
Is Lam Research stock overvalued?
At a blended P/E of 51.5 versus its historical normal P/E of 17.2, Lam Research trades about 200% above its typical valuation, with a PEG of 1.76 on 29.3% forward growth. tickerseer currently rates it significantly overvalued.
What is Lam Research's fair value and PEG?
Lam Research trades at a blended P/E of 51.5 against a historical normal P/E of 17.2, a PEG of 1.76, and a forward growth estimate of 29.3%. Priced at its historical normal P/E of 17.2 on the same blended earnings, the 2026-10-02 close of $347.49 corresponds to about $116 a share. This is a valuation reference, not a price target.
Has tickerseer's rating of Lam Research changed?
tickerseer's rating has been significantly overvalued since 2026-06-03.
What is the analyst price target for Lam Research?
The mean Wall Street price target for Lam Research is $375.06 across 31 analysts, 17.0% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.
Industry: Semiconductor Materials & Equipment. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.
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