tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

KLA Corp. price target raised to $1,070 from $900 at JPMorgan

JPMorgan raised the firm’s price target on KLA Corp. (KLAC) to $1,070 from $900 and keeps an Overweight rating on the shares. The company reported strong June quarter results, reflecting continued strength in leading-edge foundry and high bandwidth memory, combined with accelerating momentum in advanced packaging, the analyst tells investors in a research note. The firm cites better fundamentals and its higher estimates for the target increase.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1