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Lam Research Corporation
Technology · Semiconductor Equipment & Materials
Made on Jun 23, 2026
Price at call $409.54
6-month call Bear -27.6%
Target by Dec 2026 $296.67
Great value below $295.00
Model v0.3.0

Projection vs Actual (6M history + forecast)

Our straight 6-month prediction (bold) with a textured realism line, and the actual price overlaid from the prediction date forward.

Forecast

One directional 6-month call and the six monthly points we'll be scored against. Predicted Jun 23, 2026 3:11 am
Bear LRCX trends lower to $296.67 (-27.6% from $409.54) by Dec 2026.
Monthmonths after the call Datewhen it gets graded Predictedthe claim: closing price Current priceactual close — fills in over time Predicted returnpredicted vs $409.54 at call
Prediction made Jun 23, 2026 $409.54 at call
M1 Jul 23, 2026 $390.73 -4.6%
What actually happened: closed $319.29 on Jul 22, 2026 = -22.0% vs the call (predicted -4.6%)  ·  direction MISS (called flat, was down)  ·  off by 17.4 pp  ·  accuracy 4/10  ·  S&P +1.8% over the same window — beat it
M2 Aug 23, 2026 $371.92 -9.2%
What actually happened: closed $314.00 on Aug 21, 2026 = -23.3% vs the call (predicted -9.2%)  ·  direction HIT (called down, was down)  ·  off by 14.1 pp  ·  accuracy 5/10  ·  S&P +4.2% over the same window — beat it
M3 Sep 23, 2026 $353.11 -13.8%
M4 Oct 23, 2026 $334.29 -18.4%
M5 Nov 23, 2026 $315.48 -23.0%
M6 Dec 23, 2026 $296.67 -27.6%

Deserved value (DCF/composite) is $92.05; over 6 months we project closing only part-way to it (reach 35.6%). Value-only — see Not Yet Modeled below.

Weaknesses

0 blocking · 1 degraded · 0 notes — follow the chain top-down (cause → effect).
  • Degraded
    Revenue is volatile and unreliable — growth projections are speculative
    upstream:valuation-synthesis

Equation Inputs

Everything feeding the v0.3.0 model — value anchors, the stock's own price behaviour, and the tunable knobs.

Value anchors (from deep analysis)

Price at call$409.54
Composite fair value$124.36
Signal-adjusted fair value$139.67
DCF fair value$59.73
Anchored-PE fair value$253.61
Buy-below (value lens)$295.00
Value net score-79
Value confidence6 / 10
Quality net score+0
Memo confidence7 / 10
Deserved value (base)$92.05
Quality tilt+0%
Deserved value (used)$92.05
Coherence (value × quality)1.00

Price behaviour (trailing — shapes the realism line)

Realized volatility (annualized) 1m 72.2%  3m 64.9%  6m 61.8%  
Daily σ (realism noise)4.1%
Beta vs S&P 500 1m 3.26  3m 3.11  5m 3.04  
Trailing 6-month return164.3%

Knobs (equation params)

Deserved wt · DCF0.5
Quality tilt cap (±)0.2
Horizon reach (6mo)0.45
Coherence floor (conflict)0.5
Conviction gain / pt0.06
Realism mean-reversion φ0.85
Conviction floor0.4
Deserved wt · composite0.5
Realism vol window3m
Neutral band (%)5
Horizon (months)6
Realism σ fallback0.015

Version & Tech Chain

What produced this prediction — stamped on the record so versions can be compared by success rate later.
Model v0.3.0 #6bd904191719

Tech composition (what this version is built from)

#ProcessKindGroup
1 Synthesis valuation-synthesis deterministic final
2 Scenario Analysis scenario-valuation deterministic valuation
3 Valuation / Mispricing ext-lens-value llm extended
4 Company Quality ext-lens-quality llm extended
5 Forensic Memo (combiner) ext-forensic-memo llm extended
6 Classification company-classification llm foundation
7 Live Quote fmp-quote data market-data

Inputs used (the runs that fed this prediction)

Upstream processRanLagRun id
company-classification Jun 23, 2026 freshest LRCX-20260623-030002-839b
ext-forensic-memo Jun 23, 2026 freshest ext-LRCX-20260623-030949-dcf3
ext-lens-quality Jun 23, 2026 freshest ext-LRCX-20260623-030949-dcf3
ext-lens-value Jun 23, 2026 freshest ext-LRCX-20260623-030949-dcf3
scenario-valuation Jun 23, 2026 freshest LRCX-20260623-030002-839b
valuation-synthesis Jun 23, 2026 freshest LRCX-20260623-030002-839b

Inputs flagged 7d+ behind the freshest one may be stale relative to the rest of the analysis.

Saved History

2 frozen snapshots — the record we score once predictions mature.
MadeModelCallAt callTargetExp.Eval due
Aug 1, 2026 v0.6.0 Bear $293.02 $268.00 -8.5% Feb 2027 view
Jun 23, 2026 v0.3.0 Bear $409.54 $296.67 -27.6% Dec 2026 viewing

Not Yet Modeled

What this v0.3.0 forecast deliberately ignores — the work ahead, in plain sight.
  • Signal-adjusted fair value ($139.67) — the red-flag-adjusted anchor isn't the primary input yet (we use the raw DCF/composite blend, which double-counts DCF).
  • Recent momentum / drift — the line takes off straight; the trailing 6-month move (164.3%) doesn't bend the slope.
  • Market beta — computed (1–5mo) for context but does not condition the path.
  • Earnings dates, catalysts, and known events — not modeled.
  • Macro regime & sector rotation — not modeled.
  • Horizon is a fixed 6-month assumption, not a modeled time-to-target.
  • Outcome scoring — predictions aren't yet graded against realized price once the evaluation date passes.