BUZZ-Citigroup hikes <a href="https://laohu8.com/S/LRCX">Lam</a> Research PT; shares rise** Shares of semiconductor equipment maker Lam Research LRCX.O up 2.4% at $233.76 premarket
** Citigroup raises PT to $265 from $190, a 16% upside to stock's last close
** Says industry remains in a phase 2 upcycle, with 2026 wafer fabrication equipment spending likely tracking toward brokerage's bull-case forecast of $126 billion
** "While LRCX stock has ran up 30% YTD following a string of positive industry updates, our WFE sensitivity analysis shows further upside" - Citigroup
** 23 of 32 brokerages recommend "buy" or higher and 9 "hold"; median PT is $200 - data compiled by LSEG
** LRCX more than doubled in 2025
(Reporting by Arnav Mishra in Bengaluru)
((Arnav.Mishra@thomsonreuters.com;))
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