DA Davidson analyst Thomas Diffely raised his price target on Lam Research to $275, saying the company's analyst meeting has added to his confidence on its position as a "clear outperformer" in an industry with a positive multi-year outlook. Diffely believes that the next wave of computing, AI, autonomous driving, and Internet of Things will lead to a "massive increase in the amount of data collected, processed and stored over the next decade", creating a strong demand for the products of Lam Research and its peers. The analyst keeps his Buy rating.