Stifel raises targets on Applied Materials, Lam, KLA on prolonged demand cycle

Analyst
โดย Seeking Alpha·Read original
Summary · why it matters

Stifel raised its price targets on semiconductor equipment makers Applied Materials, KLA, and Lam Research, citing a prolonged demand cycle driven by agentic AI. The firm increased its Applied Materials target to $650 from $530, KLA to $270 from $191, and Lam Research to $425 from $325, while maintaining Buy ratings on all three. Analysts project wafer fab equipment spending of $145 to $150 billion in 2026, rising to $192 billion in 2027 and $225 billion in 2028, supported by memory supply contracts with favorable pricing structures. Stifel also raised targets on Ichor Holdings to $115 from $76 and Cohu to $70 from $50, both rated Buy.

Impact on stocks 6

Semiconductors▲ · 5 stocks
Applied Materials Inc
AMAT
▲ PositiveCapitalrelevance

Stifel raised price target to $650 from $530 and maintained Buy rating, citing prolonged demand cycle.

Cohu Inc
COHU
▲ PositiveCapitalrelevance

Stifel raised price target to $70 from $50 and maintained Buy rating.

KLA Corporation
KLAC
▲ PositiveCapitalrelevance

Stifel raised price target to $270 from $191 and maintained Buy rating, citing prolonged demand cycle.

Lam Research Corp
LRCX
▲ PositiveCapitalrelevance

Stifel raised price target to $425 from $325 and maintained Buy rating, citing prolonged demand cycle.

Information Technology▲ · 1 stocks
Ichor Holdings Ltd
ICHR
▲ PositiveCapitalrelevance

Stifel raised price target to $115 from $76 and maintained Buy rating.

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