KLA Corp. price target lowered to $900 from $950 at JPMorgan

JPMorgan lowered the firm’s price target on KLA Corp. (KLAC) to $900 from $950 and keeps an Overweight rating on the shares. The company reported strong March quarter results above consensus expectations, reflecting continued strength on leading-edge foundry and high bandwidth memory, combined with sustained momentum in advanced packaging, the analyst tells investors in a research note. However, the firm took down second half of 2025 estimates as it remains cautious on weaker demand trends on tariff and trade related dynamics.