On Oct 31, major Wall Street analysts update their ratings for $KLA Corp (KLAC.US)$, with price targets ranging from $725 to $850.
Morgan Stanley analyst Joseph Moore maintains with a hold rating, and adjusts the target price from $805 to $746.
Barclays analyst Thomas O'Malley maintains with a hold rating, and adjusts the target price from $800 to $750.
Deutsche Bank analyst Melissa Weathers maintains with a buy rating, and adjusts the target price from $890 to $750.
TD Cowen analyst Krish Sankar maintains with a hold rating, and adjusts the target price from $760 to $725.
Oppenheimer analyst Edward Yang maintains with a buy rating, and maintains the target price at $850.
Furthermore, according to the comprehensive report, the opinions of $KLA Corp (KLAC.US)$'s main analysts recently are as follows:
The assessment suggests that with China no longer figured prominently in projections, the focus shifts to cutting-edge technology to drive above-market growth by 2025 following the recent earnings report.
KLA Corp. reported a strong quarter surpassing expectations and presented a positive outlook, with the company expressing confidence about the prospects of leading-edge wafer fab expenditure extending into 2025.
KLA Corp. witnessed another quarter of strong performance, surpassing expectations with robust foundry/logic spending at 2nm/3nm nodes and increased demand for services, which is anticipated to propel growth in the high teens for the second half compared to the first half.
KLA Corp. has demonstrated stronger than anticipated fiscal Q1 results and guidance. The current period is seen as a strategic opportunity to invest in the shares, given that KLA has seen a 20% decline from its peak, and there's a contrasting sentiment towards its peer ASML. Looking ahead, a favorable 6-9 month period is anticipated as government intervention activities are winding down for the year, giving investors the chance to shift their attention back to the robust artificial intelligence theme.
Here are the latest investment ratings and price targets for $KLA Corp (KLAC.US)$ from 8 analysts:
Note:
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