On Nov 01, major Wall Street analysts update their ratings for $KLA Corp (KLAC.US)$, with price targets ranging from $725 to $860.
Morgan Stanley analyst Joseph Moore maintains with a hold rating, and adjusts the target price from $805 to $746.
BofA Securities analyst Vivek Arya maintains with a buy rating, and sets the target price at $860.
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.
Evercore analyst Vedvati Shrotre maintains with a buy rating, and adjusts the target price from $900 to $850.
Furthermore, according to the comprehensive report, the opinions of $KLA Corp (KLAC.US)$'s main analysts recently are as follows:
The projection for KLA Corp. has been adjusted with the anticipation that China's evolving market dynamics will necessitate the Leading-edge to effectively manage a transition that will sustain above-market growth into 2025 following the company's earnings report.
KLA Corp. reported a notable quarter with results surpassing expectations and provided an encouraging outlook, coupled with a positive stance on the robustness of leading-edge wafer fab expenditure projected through 2025.
KLA Corp.'s recent financial results exceeded expectations once again, fueled by robust foundry and logic expenditure at the 2nm/3nm nodes, along with a solid demand for their services, which is projected to lead to substantial growth in the second half of the year compared to the first half.
KLA Corp. reported fiscal Q1 results and guidance that surpassed expectations. With the company's shares having decreased 20% from their peak, it is deemed a suitable moment for investment. The sentiment contrasts with ASML's, which is currently at the other end of the spectrum. A favorable 6-9 month investment period is anticipated as government intervention activities wind down for the year, shifting investor focus back to the robust artificial intelligence theme.
Here are the latest investment ratings and price targets for $KLA Corp (KLAC.US)$ from 11 analysts:
Note:
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