Major Bank Rating | Bernstein: Raises global wafer manufacturing equipment spending forecast, simultaneously raises target prices for Lam Research and KLA
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Glonghui, May 21 – Bernstein has raised its forecast for global wafer fabrication equipment (WFE) spending in 2026 from $141 billion to $148 billion, representing a year-on-year increase of 21.4%. Bernstein increased the target price for Lam Research from $325 to $340, for KLA from $1,875 to $1,975, and kept the target price for Applied Materials unchanged at $525. All three companies received an “Outperform” rating. Among the three, Bernstein is most optimistic about Applied Materials due to its highest exposure to advanced logic and DRAM sectors; next is Lam Research, followed by KLA.
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