# Lam Research Plunges 20% as Wall Street Firm Hints at Double

> Lam Research's stock dropped 20% in three months, but a Wall Street firm predicts it could double by year-end.
- Title: Lam Research Plunges 20% as Wall Street Firm Hints at Double
- Summary: Lam Research's stock dropped 20% in three months, but a Wall Street firm predicts it could double by year-end. Lam Research fell 20% in three months but a…
- Keywords: lam research, nasdaq, cantor fitzgerald, stock price, semiconductor equipment, ai data centers, hbm packaging, nand storage, Lam, Research, Plunges, Wall
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/19/lam-research-imploded-by-20-in-the-last-3-months-this-respected-wall-street-firm-says-its-about-to-double
- Author: Alex Sirois
- Published: 2026-10-19T12:45:32+00:00
- Read time: 1 min
- Topics: lam research, nasdaq, cantor fitzgerald, stock price, semiconductor equipment, ai data centers, hbm packaging, nand storage
## Lam Research Plunges 20% in Three Months
Lam Research's stock dropped 20% in three months despite strong fundamentals.
## Wall Street Firm Targets $500 Stock Price
Cantor Fitzgerald predicts Lam Research could reach $500, an 89% gain from current $263.94.
## Sector-Wide Selloff Crushes Lam
Semiconductor equipment stocks fell 17% in a week as investors took profits.
## Lam's Fundamentals Hold Firm
Lam's revenue grew 26% to $23.23 billion, and it beat EPS estimates five straight quarters.
## Analyst Ratings Lean Bullish
35 analysts have no sell ratings, with 4 strong buys and 25 buys.
## Cantor's Thesis on AI Demand
Cantor Fitzgerald says Lam's tools are irreplaceable for AI data centers and high-stack NAND.
## Lam's Next Test: September Report
Lam's September report must hit $8.10 billion revenue to support the $500 target.
## Key takeaway

Lam Research fell 20% in three months but a Wall Street firm targets $500, a 89% gain from current $263.94.