Analyst firms Citi and BofA adjust their price targets for Lam Research as they anticipate elevated spending on chip manufacturing. According to the Yahoo Finance updates, Citi increases its target by $135, citing a multi-year investment cycle that supports demand for semiconductor equipment. Separately, Yahoo Finance reports BofA raises its target by $150 as chip equipment spending is projected to move toward roughly $250 billion. Both notes frame Lam Research’s outlook in the context of an industry-wide spending expansion, rather than any single company-specific operational change. The articles present the revisions as part of broader changes to forward expectations for semiconductor capital expenditure and equipment demand. The sources do not provide additional details in the excerpts about financial results, guidance, or specific customer orders; the central shared point is that both Citi and BofA lift their Lam Research targets alongside expectations for continued, high levels of chip production investment.