KLA Corp. price target raised to $1,214 from $1,154 at Morgan Stanley

Morgan Stanley raised the firm’s price target on KLA Corp. (KLAC) to $1,214 from $1,154 and keeps an Equal Weight rating on the shares. The firm leaves its 2026 wafer fab equipment forecast largely unchanged at $129B, representing 11% year-over-year growth, and raised its 2027 WFE forecast to $145B, up 13% year-over-year, telling investors it sees “two very strong years of growth,” driven by DRAM and TSMC (TSM).