Lam Research (LRCX) Plunges 6.17% on Downgrade, Despite UBS Price Target Hike

On July 31, 2025, Lam Research's stock experienced a significant drop of 6.17% in pre-market trading, reflecting a notable shift in investor sentiment.

Summit Insights recently downgraded Lam Research's stock rating from Buy to Hold, citing expectations of moderating wafer fabrication equipment demand. This change in rating comes after the company's Q2 results, which may have influenced investor confidence.

In contrast, UBS increased its price target for Lam Research from $95 to $120, maintaining a 'Buy' rating. This revision suggests that despite the recent downgrade, some analysts still see potential in the company's future performance.