KLA Corp. initiated with a Sector Perform at RBC Capital

RBC Capital initiated coverage of KLA Corp. (KLAC) with a Sector Perform rating and $1,550 price target While SemiCap valuations seem to be discounting the positives “to an extent,” the firm sees further upward bias to WFE in the next two years, the analyst tells investors. The firm cites KLA’s premium valuation, lower Memory exposure than peers, and lack of major new process node development until late 2026.