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Morgan Stanley downgrades Lam Research, sees a challenging setup in 2026
Morgan Stanley sees shares of Lam Research falling 8% from here.
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Morgan Stanley sees shares of Lam Research falling 8% from here.
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Morgan Stanley's updated price target implies that shares of Dell could slide 18% from here.

Shares have pulled back more than 7% in 2025.

Despite the downgrade, Morgan Stanley still sees shares of Jefferies rising 28% from here.

Morgan Stanley believes that shares of MP Materials could rise another 15% from here.

Shares have pulled back more than 30% in 2025.

The firm upgraded the stock to overweight from equal weight.