In a report released today, Charles Shi from Needham reiterated a Buy rating on KLA (KLAC – Research Report), with a price target of $830.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Charles Shi has given his Buy rating due to a combination of factors that indicate potential growth for KLA. Despite concerns about the steady revenue run rate, Shi highlights several positive trends that have emerged over the past three months.
The narrowing decline in China revenue suggests a slight improvement in demand, while the growth in services revenue and advanced packaging revenue points to a stronger second half of 2025 for KLA. These factors contribute to Shi’s confidence in maintaining a price target of $830 and reiterating a Buy rating.
In another report released today, Wells Fargo also maintained a Buy rating on the stock with a $870.00 price target.
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue